What changed
Bitcoin plunges to $81,300 support as Fed hike odds hit 55% amid $100 million crypto wipeout Bitcoin fell below $83,000 on Wednesday as hotter-than-expected US core inflation data revived expectations of further Federal Reserve interest rate hikes, triggering a fresh wave of liquidations across the cryptocurrency market CoinGlass data showed that over $100 million in leveraged positions were liquidated in the hour after the inflation report was released
Why it matters
Macro positioning around BTC can change volatility, liquidity, or sentiment. The concrete detail to watch is bitcoin plunges to $81,300 support as Fed hike odds hit 55% amid $100 million crypto wipeout
Trading lens
Use this as watchful context from cryptoslate.com. Watch whether bitcoin fell below $83,000 on Wednesday as hotter-than-expected US core inflation data revived expectations of further Federal Reserve interest rate hikes, triggering a fresh wave of liquidations across the cryptocurrency market confirms momentum, invalidates active bias, or changes timing.