Global Stock News

  • October 12, 2026
Facebook-f X-twitter Linkedin-in Instagram

Crypto’s Crowded Longs Face a CPI Test, and a Hot Print Could Wipe Them Out

Crypto’s Crowded Longs Face a CPI Test, and a Hot Print Could Wipe Them Out

Bitcoin, Ethereum and XRP face a US CPI test as ETF outflows weaken demand and crowded XRP longs raise liquidation risks. | Credit: CCN.com
Bitcoin, Ethereum and XRP face a US CPI test as ETF outflows weaken demand and crowded XRP longs raise liquidation risks. | Credit: CCN.com

Key Takeaways

  • Wednesday’s US CPI report could test crypto’s recovery, with hotter-than-expected inflation raising the risk of a selloff.

  • Bitcoin faces resistance at $86,000-$88,000, while Ethereum and XRP approach important support levels.

  • Weekly Bitcoin and Ethereum ETF outflows suggest weaker investment demand ahead of CPI and Thursday’s PPI release.

Crypto’s recovery faces a potentially unforgiving inflation test this week, with Bitcoin struggling below resistance and bullish traders vulnerable to another reversal.

September’s US…

Source link

Share this article

More News

Scroll to Top