Higher-than-expected US CPI sparks ETH long liquidation cascade, Binance records over $106 million in liquidations within one hour.

Crypto market analyst Darkfost wrote that the latest U.S. CPI data came in higher than market expectations, reigniting inflationary pressures and triggering sharp volatility in the crypto derivatives market. Following the release of the inflation data, Ethereum (ETH) saw massive long liquidations. Darkfost noted that over $106 million in long positions were liquidated in Binance’s ETH contracts within an hour, marking the largest single-hour liquidation event in nearly six months. ETH subsequent

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