$111M Crypto Shorts Liquidated in 60 Minutes
A coordinated short wipe-out across multiple venues signals leveraged bears are still positioned for downside, leaving the tape vulnerable to another squeeze if spot holds.
Live BTC, ETH, and altcoin price moves, support and resistance levels, breakouts, and chart patterns.
A coordinated short wipe-out across multiple venues signals leveraged bears are still positioned for downside, leaving the tape vulnerable to another squeeze if spot holds.
Headline PPI printed 5.5% vs 6.2% expected and core came in 50bp light too, the cleanest disinflation print in months and a direct tailwind for risk assets and BTC.
Phong Le's threshold is an 85% drawdown from current levels, but the more pressing signal is STRC trading below par and the mNAV sitting barely above 1.0.
Polymarket odds of a July Fed hike collapsed from 34% to 6.7% after the CPI print, but Brent above $85 and Fed Chair Warsh's caution leave traders reading the next move as data-dependent, not dovish.
The headline grabber is the $4.3B distribution by 100–1,000 BTC wallets on July 13, but the structural read is supply rotating from older whales into newer ones while ETF demand sits roughly 22x…
BTC holds $64.6K after Tuesday's soft CPI push while Strait of Hormuz saber-rattling trims overnight gains and keeps the market consolidating rather than breaking out.
The thesis was simple hardware-plus-token incentives at scale; the chart says the bid never showed up. DePIN has slipped into the bottom tier of major crypto narratives by drawdown.
The $239M combined haul split almost entirely through BlackRock's IBIT and ETHA, and the second-largest July inflow arrived without a single fund bleeding on either side.
June CPI slowed to 3.5% YoY and core inflation to 2.6%, handing risk assets a clean macro tailwind and pushing BTC up 3.71% on the session.
Hike odds collapsed from 43% to 13% on the print, taking the strongest argument for another tightening off the table.
TeraWulf says its running sites and pipeline are unaffected, but the moratorium widens the regulatory tail risk investors are now pricing into US Bitcoin miners that sit near grid capacity.
The memory-chip challenger prices the float at the top of guidance, and the order book already shows heavy retail accumulation at levels well below the print.
The first tranche of a three-year vesting cycle just hit 121 wallets, a measured start to supply pressure that will run at roughly the same scale every month for 36 months.
The print lands while the US-Iran conflict is still live and before Q2 closes, leaving markets to price in slower Chinese demand into oil, copper and global risk in one motion.
If the offer lands it would be the largest take-private in payments since the post-pandemic era, and the clearest signal yet that legacy checkout players are being repriced for a stablecoin-and-API…
The print undershot consensus across both headline and core, but the analyst argues the tape is tracking the 2018 cycle template rather than repricing for cuts.
The bull case is a 61% rally from $62K, but a head-and-shoulders neckline at $55,298 stands in the way, and the July 28-29 FOMC meeting is the swing factor that decides which side prints.
The headline CPI relief is already in the price; the market now waits on how Warsh frames it, since his interpretation will steer rate-cut odds and the next leg for BTC.
The headline number depends on whether the analyst is naming a base case, a valuation floor, or a bear-case stress scenario, which is why the spread stays wide.
Headline inflation posted its biggest monthly drop since May 2020, re-igniting the disinflation trade and pulling ETH out of a multi-year bear against Bitcoin in the same session.