#CPI came in hotter than expected, putting U.S. stocks and BTC under renewed pressure
$BTC still hasn’t recovered tonight, and liquidations keep climbing
Here are the numbers I just pulled (Coinglass, 23:42): $BTC 73,044 dollars, down 3.02% over 24h; $ETH 2,014 dollars, down 5.84% over 24h. As for liquidations, the top five coins by market cap saw around $383 million in liquidations combined over 24h—BTC $136 million, ETH $203 million, SOL $27.6 million, XRP $16.1 million, and BNB $500,000. These are Coinglass’s figures for each individual coin.
Put simply: the CPI shock isn’t over, and tonight’s wave is long positions getting liquidated one after another—with ETH getting hit even harder than BTC.
Are you keeping an eye on things tonight, or have you already closed the charts and gone to bed?
$BTC still hasn’t recovered tonight, and liquidations keep climbing
Here are the numbers I just pulled (Coinglass, 23:42): $BTC 73,044 dollars, down 3.02% over 24h; $ETH 2,014 dollars, down 5.84% over 24h. As for liquidations, the top five coins by market cap saw around $383 million in liquidations combined over 24h—BTC $136 million, ETH $203 million, SOL $27.6 million, XRP $16.1 million, and BNB $500,000. These are Coinglass’s figures for each individual coin.
Put simply: the CPI shock isn’t over, and tonight’s wave is long positions getting liquidated one after another—with ETH getting hit even harder than BTC.
Are you keeping an eye on things tonight, or have you already closed the charts and gone to bed?
