Mmastodon BusinessCrypto first seen 5 h ago, last 55 min ago, peak #2
US inflation data triggers mass crypto short liquidations
Original: 🚨 El dato de inflación en EE.UU. se leyó como enfriamiento y los cortos saltaron por los aires: 73.709 traders liquidado
A cooler-than-expected US inflation reading sparked a market rally, wiping out 73,709 short traders with $259.12 million in derivative liquidations. Bitcoin climbed to $83,825 in the aftermath, and traders are now debating whether the move marks a temporary relief bounce or the start of a new upward leg for crypto markets.
Why now: A softer US inflation print caused a sharp rally that liquidated a large number of short positions, capturing traders' attention.
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 55 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/527283