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$150M Crypto Shorts Liquidated In 12 Hours As Bitcoin Holds Near $25K Crypto shorts took a severe hit as Bitcoin (CRYPTO: BTC) breached $26,000 early on Wednesday morning.  What Happened: Data from CoinGlass shows that over $150 million shorts have been liquidated in the last 12 hours. The total short and long liquidations stand at $258 million in the last 12 hours. The largest single liquidation order happened on Bitmex for Ethereum (CRYPTO: ETH)  at $10.02 million

Bitcoin Price and Ethereum Prediction: Will US CPI and Retail Sales Data Influence Price Movement Today? The cryptocurrency market has been volatile in recent weeks, with Bitcoin and Ethereum experiencing significant price swings. Traders and investors are closely monitoring the impact of macroeconomic data on digital asset prices. Today, all eyes are on the US Consumer Price Index (CPI) and Retail Sales figures, which are expected to provide insights into the strength of the US economy and inflationary pressures. 

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