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Lishay_Era
The U.S. stock market just triggered a massive short squeeze—and crypto followed.
Cooling jobless claims and PPI strengthened rate-cut hopes, sending Treasury yields lower and forcing heavily shorted tech and storage names into aggressive covering.
The move then spilled into crypto:
$BTC and $ETH found support, with ETH showing stronger resilience from ETF flows.
Stock-linked tokens like $XSNDK and $XSPCX moved sharply higher, while small-cap memes mostly saw short-lived speculative pumps.
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