Bitcoin’s Post-CPI Whipsaw Liquidates Over $500M Again

Bitcoin whipsawed again after Thursday’s soft inflation report signaled a recovery, triggering over $500 million in crypto liquidations. With headline and core inflation coming in at 2.7% and 2.6%, respectively, below 3% forecasts, the crypto market outlook seemed bullish. Bitcoin even came close to revisiting $90,000, but sellers stepped up again, undoing the gains in a few hours. Per CoinGlass data, the crypto market saw $575 million in liquidations over the past 24 hours, of which $368 million were lo ...