Bitcoin, Ethereum Short Liquidations Hit $58M as BTC Holds $83.5K Ahead of US CPI
- —BTC liquidations totaled $32.5 million, 78.3% from shorts
- —ETH liquidations reached $26.36 million, 59.8% from shorts
- —Market-wide liquidations hit $154.32 million, with $80.38 million in shorts
- —Largest single order was a $3.95 million BTC short on Binance
Why it matters: The shift from long to short liquidations eases downside pressure, but the CPI print will set Fed rate expectations and drive BTC's next move.
Source: The Crypto Times