$BTC just fell under $77,000 after US PPI came in at a 2-month high.
$100M in longs got wiped out in 20 minutes.
Inflation data still matters. When producer prices run hotter than expected, it kills the soft-landing narrative and reminds everyone the Fed isn't done. Leverage got punished fast — classic overleveraged positioning into a macro print.
This is why you don't ignore PPI releases even when everyone's hyped. Risk-off moves fast when the data doesn't cooperate.
$100M in longs got wiped out in 20 minutes.
Inflation data still matters. When producer prices run hotter than expected, it kills the soft-landing narrative and reminds everyone the Fed isn't done. Leverage got punished fast — classic overleveraged positioning into a macro print.
This is why you don't ignore PPI releases even when everyone's hyped. Risk-off moves fast when the data doesn't cooperate.
