Crypto market logs $745M in liquidations over 24 hours after CPI data; BTC whipsaws between $76K and $79K
AI Market Summary
Post-CPI volatility triggered a rapid two-sided squeeze in crypto, with BTC whipsawing sharply and driving heavy forced deleveraging. Coinglass data showing large liquidations across both longs and shorts indicates crowded positioning and stressed liquidity, which can amplify near-term intraday swings. The largest single liquidation on Hyperliquid (ETHUSD) also highlights elevated derivatives risk and tightening margin conditions across venues.
Impact level
● High
Affected assets
BTC/USDT+0.27%
AI Insight · BTC/USDTAI Insight
● Neutral
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Huo Xing Finance reported Sept. 11 that the crypto market saw rapid long-and-short liquidations in the four hours following the CPI release. Market quotes show Bitcoin slid to $76,000 after the data, then rebounded to reclaim $79,000 before retreating to about $77,600.
Coinglass data indicate total liquidations of $471 million in the past four hours, including $123 million in long positions and $348 million in short positions. Over the past 24 hours, 104,114 traders worldwide were liquidated for a combined $745 million. The largest single liquidation was recorded on Hyperliquid in ETHUSD, totaling $20.28 million.
