October’s US Producer Price Index rose less than expected, sending Bitcoin higher within minutes. The softer inflation print blindsided leveraged bears as traders repriced rates and liquidity.

  • CoinGlass recorded roughly $39M in Bitcoin short liquidations within one hour.
  • One trader’s $52M bearish position moved within 2% of forced liquidation.
  • The catalyst was October PPI; the first market reaction came almost immediately.

LaunchBar takeaway: macro data can vaporize crowded BTC leverage faster than narratives adjust. If spot buying follows, shorts remain vulnerable; watch volume, funding, open interest, and liquidation clusters before chasing the spike.