🚨 CPI: $178 MILLION IN CRYPTO LONGS WIPED OUT IN JUST ONE HOUR!
Crypto traders are taking a hit after October’s US CPI inflation data came in hotter than expected.
The unexpected inflation reading triggered fresh selling pressure across the market, catching leveraged bullish traders offside. Within just one hour, approximately $178 million worth of long positions were liquidated.
Hotter inflation can push expectations for interest rate cuts further out, putting pressure on risk assets like Bitcoin and altcoins.
Long traders are feeling the impact as the market reacts to the latest inflation numbers.
$SOL
$XRP
$ETH
Crypto traders are taking a hit after October’s US CPI inflation data came in hotter than expected.
The unexpected inflation reading triggered fresh selling pressure across the market, catching leveraged bullish traders offside. Within just one hour, approximately $178 million worth of long positions were liquidated.
Hotter inflation can push expectations for interest rate cuts further out, putting pressure on risk assets like Bitcoin and altcoins.
Long traders are feeling the impact as the market reacts to the latest inflation numbers.
$SOL
$XRP
$ETH
