$BTC PLUNGES TO $58K AS PCE INFLATION SPARKS $1.34B LIQUIDATIONS 🔥
Bitcoin sank to $58,183 after May PCE inflation rose 4.1% annually, reviving fears of tighter policy. CoinGlass reported $212 million in BTC long liquidations in just one hour, part of a broader $1.34 billion crypto market flush.
This forced liquidation cascade broke the recent $60k support, and volume spiked to levels not seen since the May sell-off. When macro data triggers a coordinated unwind, the next move often depends on whether bids step in at the sweep zone.
What level are you watching for a potential reversal?
Not financial advice. Always manage your risk.
#BTC #CryptoCrash #Liquidations #Inflation
🔥
Bitcoin sank to $58,183 after May PCE inflation rose 4.1% annually, reviving fears of tighter policy. CoinGlass reported $212 million in BTC long liquidations in just one hour, part of a broader $1.34 billion crypto market flush.
This forced liquidation cascade broke the recent $60k support, and volume spiked to levels not seen since the May sell-off. When macro data triggers a coordinated unwind, the next move often depends on whether bids step in at the sweep zone.
What level are you watching for a potential reversal?
Not financial advice. Always manage your risk.
#BTC #CryptoCrash #Liquidations #Inflation
🔥