🚀 Bitcoin Rollercoaster Alert! 🚀

Hold onto your hats, BTC enthusiasts! Bitcoin's price recently dipped below the $59,000 mark, hitting a local low of $58,867. This sudden drop led to a whopping $250 million in leveraged positions getting liquidated, mostly long positions. 😱

The catalyst? Higher-than-expected CPI numbers in the U.S., hinting that the Federal Reserve might not cut rates in November. While this spells trouble for risk-on assets, we're still bullish on Bitcoin's long-term potential. 🌟

Stay tuned and keep HODLing, because the crypto world is always full of surprises! 🌐