Hot CPI Wipes Out $106 Million in ETH Longs

ETH longs liquidated $106 million amid rising inflation concerns. Find out how this affects market sentiment — and what traders should watch. Ethereum longs experienced a staggering liquidation of $106 million within just one hour, primarily sparked by recent Consumer Price Index (CPI) data. This spike raises concerns as inflation accelerates, driving the likelihood of a Federal Reserve rate hike from 17% to nearly 30% within the week. The implications for the broader crypto market could be significant as traders recalibrate their positions and sentiment shifts in response to these developments.

Source: Coinfomania