US inflation shock hits crypto: $973M liquidated, Bitcoin drops below $81K
- —$973.4M liquidated in 24 hours: $892.38M longs, $81.01M shorts
- —Ethereum liquidations hit $293.07M, 44% higher than Bitcoin's $203.19M
- —Bitcoin ETFs saw $261.4M in outflows, Ethereum ETFs $129.5M
- —US annual inflation accelerated to 3.7%, monthly to 0.6%
Why it matters: Hotter inflation reinforced expectations of another Fed rate hike, pressuring risk assets and potentially triggering further liquidations.
Source: Coinkolik