#MarketTurbulence This week something astonishing happened: $1 billion was liquidated in a matter of hours. And all because the American Producer Price Index, PPI, rose a bit more than expected. You heard that right. It wasn't an explosion at a mining farm, nor a ban on bitcoin in some country, and not even a tweet from Elon Musk. It was just a number in a report, and traders lost their minds.