Bitcoin Crashes to $80,200 as Asian Markets Sink, CPI Runs Hot and $960M Liquidated
- —KOSPI down 18.5% over five days and 8% in 24 hours; Nikkei fell roughly 6%
- —Hotter-than-expected September CPI pushed October Fed rate-hike odds from 20–25% to 50%
- —Spot Bitcoin ETFs saw $261.46 million in outflows after Tuesday's $175.62 million inflow
- —$960 million in leveraged positions wiped out, $883 million of them longs; Ethereum accounted for $290 million
Why it matters: Bitcoin is testing the key $80,000 support for the first time in a month, with the FOMC decision in two weeks set to steer the next move.
Source: CryptoPotato