Long traders made a significant chunk of losses on majority of the exchanges with the average difference between the amount of long and short liquidations being 10X.The current market turmoil is being attributed to several macroeconomic factors, including the recently released consumer price index data released on Sept. 13 that showed inflation is yet to cool off. BTC'sof the CPI data release.
US inflation shows persistent US retail inflation w/acceleration at August core. Headline drops less than forecast to 8.3%, while Core CPI rose to 6.3%.
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