Over $111 million in crypto short positions were liquidated in one hour after cooler-than-expected US CPI data sent Bitcoin past $64K and Ethereum near

Over $315M in crypto long positions were liquidated in 24 hours after Bitcoin broke below $60K, with BTC, ETH, and SOL traders hit hardest.

US CPI came in at 4% year-over-year with core CPI at 3%, both below expectations. Bitcoin rallied near $62,600 as rate cut odds increased ahead of the July