Bitcoin’s Post-CPI Whipsaw Liquidates Over $500M Again – Decrypt
In brief Bitcoin’s rally after soft CPI data reversed rapidly, triggering over $500 million in liquidations from leveraged long positions. The sell-off was driven by derivatives traders taking profits, unlike prior moves led by spot sellers, per on-chain data. The Bank of Japan’s first rate hike in 30 years threatens the yen carry trade, a...
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