Search results for Jeff Park
Crypto
Bitcoin surges as tech stocks stall, driving short liquidations
Bitcoin jumped to the $69,000 range, triggering forced liquidations of $1.22 billion in short positions in just 1 hour, the report said. Ether broke above $2,000 and solana rose 11.52 percent to $85.41. CoinGlass data showed $1.46 billion in positions across 111,060 traders were liquidated over 24 hours, led by bitcoin. Market participants also pointed to a divergence between weaker AI-related stocks and stronger crypto prices.
Crypto
Bitwise adviser says AI investment boom will ultimately lift bitcoin
An AI investment boom is pressuring demand for bitcoin in the short term but could become a bullish factor over the longer term, a Bitwise adviser said. Jeff Park said AI has absorbed speculative capital and weakened bitcoin’s relative appeal as money concentrates in AI-related stocks. He also said financial mismatches in AI investing could become unstable, and if capital leaves AI assets, bitcoin could emerge as an alternative destination.
Crypto
Bitcoin volatility hits bottom as U.S. Treasury yields rise to year high
Bitcoin implied volatility has fallen to its lowest level so far in 2026, while U.S. Treasury yields have climbed to their highest level this year. The divergence has drawn attention as bitcoin has traded in a narrow range for weeks. Bitwise Alpha Strategy Head Jeff Park said the combination could point to a single outcome. Others said such low-volatility periods often end with a rise, though some warned markets can move in unexpected ways.
