771M — crypto liquidations in 24h (CoinGlass, Oct 12-13).
685.6M of it was longs. 89%.
BTC flushed to 81,382 (-2.8%), then bounced to ~82.2K by the Asia open. ETH -4.6% to 2,425. SOL -7.5%.
Mechanics: one wave of forced selling, and perp leverage is clean again — right before Wednesday's CPI.
Spot bid never left. US spot BTC ETFs printed +21.1M net inflows on trade date Oct 12 (SoSoValue, IBIT led). Institutions bought the flush.
ETH is the divergence: -$56.1M, nine straight outflow sessions.
Setup: $BTC ~82.2K. 84K-85K is the wall, 82K is the floor — lose it and 80K comes fast.
CPI in ~24h meets a market with no crowded longs left to cushion it. The reaction, either way, likely comes violent.
#Bitcoin #CPI #Crypto
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771M — crypto liquidations in 24 hours (CoinGlass, Oct 12-13).
685.6M of that was long positions. 89%.
BTC flushed to 81,382 (-2.8%), then rebounded to ~82.2K as the Asia session opened. ETH fell 4.6% to 2,425. SOL fell 7.5%.
The mechanics: one wave of forced selling, and perp leverage is clean again — right before Wednesday's CPI.
The spot bid never disappeared. US spot BTC ETFs recorded +21.1M in net inflows on the Oct 12 trade date (SoSoValue, led by IBIT). Institutions bought the flush.
ETH is the outlier: -56.1M, nine consecutive sessions of outflows.
Setup: BTC ~82.2K. 84K-85K is the wall, 82K is the floor — break below it and 80K comes fast.
CPI in ~24 hours meets a market with no crowded longs left to cushion it. The reaction, either way, will likely be violent.
685.6M of it was longs. 89%.
BTC flushed to 81,382 (-2.8%), then bounced to ~82.2K by the Asia open. ETH -4.6% to 2,425. SOL -7.5%.
Mechanics: one wave of forced selling, and perp leverage is clean again — right before Wednesday's CPI.
Spot bid never left. US spot BTC ETFs printed +21.1M net inflows on trade date Oct 12 (SoSoValue, IBIT led). Institutions bought the flush.
ETH is the divergence: -$56.1M, nine straight outflow sessions.
Setup: $BTC ~82.2K. 84K-85K is the wall, 82K is the floor — lose it and 80K comes fast.
CPI in ~24h meets a market with no crowded longs left to cushion it. The reaction, either way, likely comes violent.
#Bitcoin #CPI #Crypto
---
771M — crypto liquidations in 24 hours (CoinGlass, Oct 12-13).
685.6M of that was long positions. 89%.
BTC flushed to 81,382 (-2.8%), then rebounded to ~82.2K as the Asia session opened. ETH fell 4.6% to 2,425. SOL fell 7.5%.
The mechanics: one wave of forced selling, and perp leverage is clean again — right before Wednesday's CPI.
The spot bid never disappeared. US spot BTC ETFs recorded +21.1M in net inflows on the Oct 12 trade date (SoSoValue, led by IBIT). Institutions bought the flush.
ETH is the outlier: -56.1M, nine consecutive sessions of outflows.
Setup: BTC ~82.2K. 84K-85K is the wall, 82K is the floor — break below it and 80K comes fast.
CPI in ~24 hours meets a market with no crowded longs left to cushion it. The reaction, either way, will likely be violent.