#CryptoCPIWatch Bitcoin ($BTC) has dipped below $102,000 ahead of the U.S. Consumer Price Index (CPI) release, reflecting market caution. Over $730 million in crypto positions were liquidated, with 73% being long positions, indicating a significant shift in trader sentiment.

The upcoming CPI data is pivotal, as it influences Federal Reserve decisions on interest rates. Higher-than-expected inflation could lead to prolonged monetary tightening, potentially exerting further pressure on cryptocurrencies.

Investors are closely monitoring the CPI figures, as they could signal the Federal Reserve's future policy direction, impacting the broader crypto market.