#US CPI exceeds expectations, BTC falls below $74,000, liquidating over 200 million long positions

About US CPI exceeds expectations, BTC falls below $74,000, liquidating over 200 million long positions

US October CPI month-on-month +0.4% exceeded expectations, December rate hike expectations heated up, 10-year US Treasury yield intraday broke through 5.02%. About $200 million leveraged long positions were liquidated within five minutes after the data release, BTC briefly fell below $74,000 and dipped to $72,688, ETH intraday approached $2,000. The market remains divided on whether the rate hike will be 25 or 50 basis points, while the A-share computing power sector saw gains.