$BTC Falls 3% as Inflation Data Triggers $1B Liquidations


Producer prices jumped 0.9% in July, the biggest monthly gain since 2022, sending shockwaves through crypto markets. The year-over-year increase hit 3.3%, well above the expected 2.5%.


$BTC dropped over 2% while $ETH fell 3.3% as traders scrambled to exit positions. Over $1 billion in crypto derivatives were liquidated within 24 hours, with $782 million coming from long positions.


The largest single liquidation was a $6.25 million $ETH/$USDT position on Bybit. Open interest across #altcoins has reached a record $47 billion, amplifying both rallies and sell-offs during volatile periods.


Despite the inflation shock, Fed rate cut odds remain at 92% for September. Markets are treating this as a potential outlier unless upcoming data confirms the trend.

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August 15, 2025 at 3:17 AM
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