Hot October CPI sparks $179M crypto long liquidation in one hour
AI summary
A hot October CPI print triggered $179 million in crypto long liquidations within a single hour, as leveraged bullish positions were wiped out by the macro surprise. The move underscores how sensitive crypto markets remain to US inflation data and traditional finance signals. Traders should watch for follow-through selling and funding-rate resets as leveraged longs get flushed.
