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Bitcoin price crash liquidates $310 million positions ahead of US CPI and interest rate decision

Bitcoin (BTC) price dropped 7.74% in the early Asian session, briefly tagging the $40,400 level.ย According to data from CoinGlass, this move caused nearly $200 million worth of positions to be liquidated. With the US Consumer Price Index (CPI) and Fed's interest rate decision set to take place this week, volatility is likely going to remain high.
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