Over 200 Million Liquidated on Bitcoin Turbulence as CPI for June at 91

The number of liquidated traders and the value of liquidations skyrocketed to over $200 million on a daily scale as BTC, and the entire crypto market experienced enhanced volatility following the record-breaking US inflation data. However, the asset had recovered some ground and stood close to $20,000 up until a few hours ago. At this point, though, the landscape changed as the US announced the highest inflation data in over 40 years of 9.1% (for June).