Mmastodon BusinessCrypto first seen 6 h ago, last 34 min ago, peak #2
US inflation data sparks crypto short squeeze, 73,709 traders liquidated
Original: 🚨 El dato de inflación en EE.UU. se leyó como enfriamiento y los cortos saltaron por los aires: 73.709 traders liquidado
US inflation figures read as a sign of economic cooling, triggering a sharp rally in crypto markets. Bitcoin climbed to $83,825, and around 73,709 traders betting against the market were liquidated, with roughly $259 million wiped out in derivatives positions. Traders are now debating whether the move marks a temporary relief bounce or the start of a new upward leg.
Why now: A surprise cooling in US inflation triggered a violent short squeeze in crypto, wiping out tens of thousands of leveraged traders.
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 34 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/527283