Crypto Markets Today: Bitcoin Breaches $98K as Liquidations Top $1.1B
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A sharp liquidity crunch sent bitcoin and altcoins plunging, triggering over a billion dollars in derivatives liquidations as traders brace for a potential trend reversal.
On chain monitoring shows that a trader increased their ETH long position to 7500 after adding funds yesterday, with an opening price of $3438 and a clearing price of $3043. At present, the price of ETH has fallen below $3100, only $50 away from the clearing price. (Ashes)
[U.S. Secretary of Labor Says October CPI Data Not Fully Collected]
U.S. Secretary of Labor Marty Walsh stated that the Bureau of Labor Statistics failed to fully collect the Consumer Price Index (CPI) data for October.
[Bitcoin and Ethereum Both Decline, U.S. Dollar Index Pulls Back]
Bitcoin fell 5% intraday, currently trading at $94,655 per coin; Ethereum dropped nearly 5%. The U.S. Dollar Index (DXY) pulled back more than 10 points in the short term, currently at 99.12.