BitcoinMassive liquidations and $10B Bitcoin options expiry ahead of PCE data, which is a key inflation metric that could influence Fed policy and crypto demand.
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.
BitcoinMassive liquidations and $10B Bitcoin options expiry ahead of PCE data, which is a key inflation metric that could influence Fed policy and crypto demand.
EthereumEthereum among hardest hit in $1B liquidations, with selling pressure from institutional outflows and anticipation of PCE data.
XRPXRP hit by liquidations and broader crypto sell-off ahead of PCE inflation data, which may affect risk appetite.