Bitcoin swung sharply as leveraged long positions were wiped out, with crypto liquidations reaching $948.22 million in 24 hours across 177,440 traders, of which 90.6% were longs. The spike followed hotter‑than‑expected inflation data that renewed expectations of a Federal Reserve rate hike, prompting many traders to close leveraged bets. The liquidation wave highlights how quickly macro news can trigger large‑scale unwinds in leveraged crypto markets, affecting not only Bitcoin but a broad range of digital assets.

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