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Crypto Market Sees $335M Long Positions Liquidated Ahead of CPI Data

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The cryptocurrency market experienced a significant downturn with $335 million in long positions being liquidated. Bitcoin recorded liquidations of $103,392, dropping 1.7%, while Ethereum saw $3,443 in liquidations with a 3.3% decline.

The total cryptocurrency market capitalization stands at $3.68 trillion, with overall liquidations reaching $414 million. The Fear and Greed Index (FGI) currently reads 24, indicating “Extreme Fear” in the market. These developments coincide with recent Federal Reserve comments and precede the upcoming Consumer Price Index (CPI) data release scheduled for November 14.

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