Markets· ★★★· bearish·

Bitcoin Holds Near $82,400 Ahead of CPI as Liquidations Hit $304M

  • —Bitcoin fell 1.5% to $82,400, down 3.5% over the past week
  • —24-hour crypto liquidations reached $304.24 million across 89,032 traders
  • —BTC longs accounted for $42.02 million of liquidations, shorts $21.19 million
  • —About 1.45 million BTC with a cost basis of $84,000–86,500 is now held at a loss
Why it matters: The Oct. 14–15 CPI and PPI prints will shape Fed rate expectations and determine whether bitcoin can hold the $81,300 support.
Source: Bitcoin.com