Damn, $80,000 really got breached—and then bought back up? 😱
That was a brutal move just now:
🔹 BTC briefly plunged to around $79,800–$80,000, then snapped back in a V-shape to around $82,200–$82,400
🔹 Around $900–$960 million liquidated over 24 hours, with longs accounting for 80–90%
🔹 ETH liquidations totaled roughly $270–$290 million, and BTC about $200–$215 million; over 175,000 accounts were wiped out
🔹 Spot BTC ETFs saw net outflows of around $257–$261 million that day (led by FBTC and IBIT)
🔹 South Korea’s Kospi fell nearly 8%, triggering a circuit breaker—the macro backdrop isn’t looking any softer either
The trigger is still that same run of inflation data: CPI and PPI have repeatedly come in hotter than expected, fueling rate-hike expectations and setting off the first wave of leveraged liquidations.
The $80,000 level held, but this looks more like a “leverage flush” than confirmation of a trend. Will the next U.S. session candle hold above $81,000, or are we in for another dip? What do you think? 👇
#CPI_BTC_Watch #BTC #ETH
That was a brutal move just now:
🔹 BTC briefly plunged to around $79,800–$80,000, then snapped back in a V-shape to around $82,200–$82,400
🔹 Around $900–$960 million liquidated over 24 hours, with longs accounting for 80–90%
🔹 ETH liquidations totaled roughly $270–$290 million, and BTC about $200–$215 million; over 175,000 accounts were wiped out
🔹 Spot BTC ETFs saw net outflows of around $257–$261 million that day (led by FBTC and IBIT)
🔹 South Korea’s Kospi fell nearly 8%, triggering a circuit breaker—the macro backdrop isn’t looking any softer either
The trigger is still that same run of inflation data: CPI and PPI have repeatedly come in hotter than expected, fueling rate-hike expectations and setting off the first wave of leveraged liquidations.
The $80,000 level held, but this looks more like a “leverage flush” than confirmation of a trend. Will the next U.S. session candle hold above $81,000, or are we in for another dip? What do you think? 👇
#CPI_BTC_Watch #BTC #ETH