Here are concise notes based on the news:
• Event: US Producer Price Index (PPI) data came in higher than expected.
• Impact on crypto: Markets fell sharply following the release.
• Liquidations: Around $460 million worth of crypto positions liquidated within one hour.
• Reason: Higher PPI suggests stronger inflation pressures → increases expectations of tighter US monetary policy → risk-off sentiment in markets.
• Affected assets: Likely broad market decline including Bitcoin, Ethereum, and altcoins.
• Market reaction type: Sudden and high-volume sell-off, possibly triggering cascading liquidations.
BTC
88,133.29
-0.30%
ETH
2,976.12
-0.40%
BNB
849.76
-0.64%
