Ethereum Price falls 6% as hot CPI triggers $106M wipeout

Ethereum price has fallen nearly 6% to approximately $2,350 on October 15, after stronger-than-expected U.S. inflation data triggered heavy selling and more than $106 million in leveraged ETH long positions were liquidated on Binance within one hour. CryptoQuant analyst Darkfost reported that the liquidation event followed Wednesday’s Consumer Price Index (CPI) release, which showed U.S. inflation accelerating in September. He described the selloff as Binance’s largest hourly Ethereum long liquidation event in six months. The analyst linked the heavy trading losses to increased leverage and concerns about further Federal Reserve interest rate increases. Ethereum price faced sharp selling after the September U.S. inflation report exceeded market expectations, forcing traders to close leveraged positions as prices declined.

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