$179M in crypto longs liquidated in one hour after hot October CPI

Bitcoin slipped below $74,000 as consumer prices rose faster than economists expected Inflation came in hot, and leveraged crypto traders paid the bill. Within one hour of the October US Consumer Price Index release, $178 million in crypto long positions were liquidated. Bitcoin fell below $74,000 as the numbers hit. Traders who had borrowed to bet on higher prices discovered how quickly a single data print can rearrange a portfolio. The October 2026 CPI data, published on November 10, showed headline consumer prices rising 0.4% month-over-month. Economists had forecast 0.3%. Core CPI, which strips out volatile food and energy prices, also beat forecasts. It climbed 0.3% against an expected 0.2%. So both measures overshot. A miss on just one might have been shrugged off.

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