Bitcoin Rebounds $2,500 Overnight After $771M Crypto Liquidation Wave

The scale of liquidations relative to a modest price rebound suggests forced selling rather than a change in conviction, which is why the recovery looks more technical than fundamental. The timing matters: crypto is absorbing a macro signal from Asian equities — Korean chipmakers dragging the KOSPI lower — while the U.S. inflation print remains pending, so positioning is being set into an unresolved catalyst. Whether the rebound holds once that data lands, or proves to be a liquidity-driven bounce, is the open question.