Bitcoin risks another leverage shakeout if US CPI runs hot, analysts warn

Bitcoin has remained exposed to another inflation-driven selloff, analysts have warned, after an $811 million crypto liquidation wave left market-wide open interest down only about 2% at $140.9 billion in their pre-CPI assessment. Summary $140.9 billion in crypto open interest remained after the selloff, according to Bitget Research’s briefing. Nansen reported $175.7 million in Bitcoin ETF inflows on Oct. 13 after recent withdrawals. Bitget Wallet’s Lacie Zhang warned that sticky core inflation could challenge expectations for Fed policy. Zhang identified $81,000–$82,000 support and a sustained $84,500–$85,000 breakout as levels to watch. Ryan Lee, chief analyst at Bitget Research, warned in comments shared with crypto.news that the latest forced selling may have removed some vulnerable Bitcoin positions without fully clearing the leverage that could fuel another decline. In the accompanying briefing, Bitget Research cited CoinGlass data showing $811 million in crypto liquidations during the 24 hours to Tuesday morning, with long positions accounting for most losses. The subsequent 24-hour total had eased to $140 million, while open interest remained at $140.9 billion. “The latest ...