Crypto Market Faces $1 Billion in Liquidations Ahead of PCE Data

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Summary · why it matters

The crypto market saw over $1 billion in liquidations on Thursday, intensifying crash fears ahead of key inflation data. Bitcoin, Ethereum, and XRP were among the hardest hit as a massive $10 billion Bitcoin options expiry loomed. Institutional flows weakened, adding to the selling pressure. Traders now await the Personal Consumption Expenditures data for further direction.

Impact on assets 3

Others▼ · 3 stocks
Bitcoin
BTC-USD
▼ NegativeMonetaryrelevance

Massive liquidations and $10B Bitcoin options expiry ahead of PCE data, which is a key inflation metric that could influence Fed policy and crypto demand.

Ethereum
ETH-USD
▼ NegativeMonetaryrelevance

Ethereum among hardest hit in $1B liquidations, with selling pressure from institutional outflows and anticipation of PCE data.

XRP
XRP-USD
▼ NegativeMonetaryrelevance

XRP hit by liquidations and broader crypto sell-off ahead of PCE inflation data, which may affect risk appetite.