# Bitcoin WIPES OUT $504M Of Shorts As Korea PLUNGES 9% - Macro Monday

Page: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-wipes-out-504m-of-shorts-as-korea-plunges-9-macro-monday
Text version: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-wipes-out-504m-of-shorts-as-korea-plunges-9-macro-monday.md
Podcast: [The Wolf Of All Streets](https://stenobird.com/podcast/the-wolf-of-all-streets-1215618)
Published: 2026-06-08T14:11:00+00:00
Episode link: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA5755489517.mp3
Audio file: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA5755489517.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-wolf-of-all-streets-1215618/episodes/bitcoin-wipes-out-504m-of-shorts-as-korea-plunges-9-macro-monday
Duration seconds: 3621

## Resource

Bitcoin sparked its first real relief rally of the cycle this weekend — pumping from sub-$60,000 lows up to $63,700 and crushing $504 million in shorts in 24 hours (the biggest single-day short squeeze since late April) — but the bounce is already losing steam as fresh Iran-Israel strikes shatter the April ceasefire, sending oil up over 3% to $96 and Korea's KOSPI crashing nearly 9% in three minutes. This week's macro calendar is brutal: Wednesday's U.S. CPI print is expected to jump to 4.2% YoY (from 3.8%) — a hot reading locks in a restrictive Fed and could deepen the record ETF outflow streak — plus the ECB hikes to 2.25% Thursday, the CLARITY Act enters full Senate floor debate all week, JPMorgan/BofA/Citi just unveiled their own bank-backed tokenized network as a defensive move against stablecoins, massive token unlocks (HumidiFi unlocking 111.59% of supply Tuesday alone, HYPE $673M) pile selling pressure on already-weak markets, and global central banks have pushed gold holdings to the highest level this century. We break down whether $504M of squeezed shorts marks the cycle bottom or just a dead-cat bounce before the next leg down, what a hot CPI print means for Bitcoin's $60K floor, and which catalysts this week could finally turn the tape. Learn more about your ad choices. Visit megaphone.fm/adchoices

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