#CryptoCPIWatch

Crypto Markets on Edge Ahead of US CPI Data: Bitcoin Drops Below $103K, $730M in Liquidations

Volatility is surging across the crypto market today as investors brace for the release of the US Consumer Price Index (CPI) data for April. With inflation numbers expected to influence the Federal Reserve's next interest rate decision, traders are positioning themselves for possible major moves in crypto prices.

Bitcoin (BTC) has dropped 1.83% in the last 24 hours, currently trading at $102,489. The leading cryptocurrency climbed as high as $105,525 earlier before plunging to a low of $101,065.

Ethereum (ETH) also saw red, falling 2.48% to $2,453.76. ETH peaked at $2,600.58, with a session low of $2,425.28.

What to Expect from Today’s CPI Report

Market Forecast: Inflation is expected to remain steady at 2.4% YoY.

Truflation Data: Shows a significantly lower inflation rate at 1.68%.

If actual CPI numbers come in below expectations, it could fuel speculation about interest rate cuts by the Fed—potentially boosting appetite for risk assets like cryptocurrencies.

$730M in Crypto Liquidations: Market Playing Safe

In the past 24 hours, over $730 million worth of crypto positions were liquidated—73% of them long positions. This signals a wave of caution, as traders scale back exposure in anticipation of CPI volatility.

Key Takeaways for Crypto Traders:

High Volatility Ahead: Expect sharp price swings post-CPI release.

Risk Management Crucial: Use stop-loss orders and limit overexposure.

Watch Technical Levels: Support and resistance zones are key for short-term trades.

Macro Impact: CPI could dictate market sentiment for the coming weeks.