🚨🤯 HOT US INFLATION TRIGGERS $700M CRYPTO LIQUIDATIONS 📉
US October CPI came in at 0.4% vs 0.3% expected. Core CPI also beat forecasts at 0.3% vs 0.2%.
Treasury yields and the dollar moved higher. BTC and ETH faced fresh pressure as roughly $700M in crypto positions were liquidated, mostly leveraged longs. Gold also dropped nearly 3%.
This shows how quickly macro news can hit crypto, especially when leverage is high.
Pro traders, is this a deeper risk-off move or just a leverage flush?
#MarketLens #BTC #ETH #XAU #USDT
US October CPI came in at 0.4% vs 0.3% expected. Core CPI also beat forecasts at 0.3% vs 0.2%.
Treasury yields and the dollar moved higher. BTC and ETH faced fresh pressure as roughly $700M in crypto positions were liquidated, mostly leveraged longs. Gold also dropped nearly 3%.
This shows how quickly macro news can hit crypto, especially when leverage is high.
Pro traders, is this a deeper risk-off move or just a leverage flush?
#MarketLens #BTC #ETH #XAU #USDT
