Crypto liquidations neared $1 billion after inflation data reignited expectations of interest rate hikes.
Higher-than-expected inflation data led investors to reassess their expectations for Federal Reserve rate hikes, triggering sharp volatility in cryptocurrency markets and wiping out nearly $1 billion in leveraged positions.
Bitcoin’s price saw sharp fluctuations as the inflation data raised concerns across risk assets in general, with leveraged long positions hit hardest by forced liquidations.
#CPIWatch #Liquidations #liquidation $NEAR
$STRK
$XAUT
🐳🔥🔥🔥🐳🐳
Higher-than-expected inflation data led investors to reassess their expectations for Federal Reserve rate hikes, triggering sharp volatility in cryptocurrency markets and wiping out nearly $1 billion in leveraged positions.
Bitcoin’s price saw sharp fluctuations as the inflation data raised concerns across risk assets in general, with leveraged long positions hit hardest by forced liquidations.
#CPIWatch #Liquidations #liquidation $NEAR
$STRK
$XAUT
🐳🔥🔥🔥🐳🐳