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🚨 Hawkish CPI… but the market turned it into a $470M leveraged bloodbath. Yesterday’s CPI looked bearish for risk assets, yet Bitcoin and ETH initially rallied hard. Why? Because the market wasn’t simply trading the data—it was trading positioning, expectations, and leverage. Within an hour of the release, more than $250M in shorts were liquidated. Over four hours, liquidations reached roughly $470M, with shorts accounting for around $350M. #DailyOrbit