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Liyan 莉妍 ✌️
🚨 Hawkish CPI… but the market played a completely different game.
Yesterday’s CPI wasn’t exactly bullish. Yet Bitcoin and Ethereum initially rallied hard.
Why?
Because the first move wasn’t about fundamentals. It was about leverage.
Within an hour of the data, more than $250 million in short positions were liquidated. Over four hours, liquidations reached roughly $470 million, with shorts accounting for around
#DailyOrbit
