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US Producer Price Index Data Triggers $52 Million in Bitcoin Short Liquidations

(3 hours ago) · 1 source · Summarized by CryptoBipto

A lower-than-expected US Producer Price Index (PPI) reading led to a sharp move in Bitcoin's price, catching short sellers off guard. Approximately $52 million in Bitcoin short positions were liquidated as a result of the price movement following the economic data release.

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SOURCES

  • beincrypto.com

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BTCBitcoin TradingLiquidationsUS Economic DataInflationLeverage