If you're still sizing leverage right before a CPI print, stop now.
Getting wiped on a macro headline is the oldest way to donate your stack. You watch the chart drift, talk yourself into the dip, and the cascade finishes the job before you find the exit.
Nearly $1B in leveraged crypto positions were liquidated over the past 24 hours as $BTC fell toward $81K and $ETH dropped more than 6%. September CPI rose 3.7% year over year, slightly above expectations, and core inflation came in hotter than forecast. That put another Fed rate hike back on the table and pulled stocks, crypto, and the rest of the risk trade down with it.
This is the same script as the hot inflation prints in 2022, when one upside surprise was enough to reprice the whole cycle. The difference is speed. Back then the damage stretched across months. This time the leverage got cleared in a day, and $BTC did not need a fresh crash narrative to do it. Just a number that ran a little too warm.
Where do you think this goes if the next print stays hot?
#Bitcoin #Ethereum #Inflation
Getting wiped on a macro headline is the oldest way to donate your stack. You watch the chart drift, talk yourself into the dip, and the cascade finishes the job before you find the exit.
Nearly $1B in leveraged crypto positions were liquidated over the past 24 hours as $BTC fell toward $81K and $ETH dropped more than 6%. September CPI rose 3.7% year over year, slightly above expectations, and core inflation came in hotter than forecast. That put another Fed rate hike back on the table and pulled stocks, crypto, and the rest of the risk trade down with it.
This is the same script as the hot inflation prints in 2022, when one upside surprise was enough to reprice the whole cycle. The difference is speed. Back then the damage stretched across months. This time the leverage got cleared in a day, and $BTC did not need a fresh crash narrative to do it. Just a number that ran a little too warm.
Where do you think this goes if the next print stays hot?
#Bitcoin #Ethereum #Inflation