A hotter-than-expected US PPI inflation print just sparked a brutal $562M liquidation cascade across the market, according to Bitcoin.com News, as traders price in surging rate hike odds.
The resulting macro pressure triggered heavy selling across key assets:
• BTC tapped a 24h low of $76,676.07 before hovering near $77,322.93 (-1.85%).
• SOL cracked psychological support, sliding -3.45% to $99.97.
• DOGE led major pullbacks, down -5.85% to $0.08389.
• BNB dropped -3.86% to $712.79.
Bitcoin's immediate floor sits at the $76,676 zone. If bulls fail to defend this liquidity pocket, expect extended chop across altcoins before any meaningful reversal.
Not financial advice.
Source: https://news.bitcoin.com/market-updates/562m-liquidation-surge-hits-crypto-market-after-ppi-inflation-jump/
#BTC #CryptoLiquidations #MacroNews #Altcoins
The resulting macro pressure triggered heavy selling across key assets:
• BTC tapped a 24h low of $76,676.07 before hovering near $77,322.93 (-1.85%).
• SOL cracked psychological support, sliding -3.45% to $99.97.
• DOGE led major pullbacks, down -5.85% to $0.08389.
• BNB dropped -3.86% to $712.79.
Bitcoin's immediate floor sits at the $76,676 zone. If bulls fail to defend this liquidity pocket, expect extended chop across altcoins before any meaningful reversal.
Not financial advice.
Source: https://news.bitcoin.com/market-updates/562m-liquidation-surge-hits-crypto-market-after-ppi-inflation-jump/
#BTC #CryptoLiquidations #MacroNews #Altcoins
