BTC falls below $79,000, ETH dips to $2,230! "US inflation panic spreads," $380 million liquidated across the network in 24 hours.

ORIGINAL比特幣跌穿 7.9 萬美元、以太坊下探 2230 美元！「美國通膨恐慌延燒」全網 24 小時爆倉 3.8 億美元

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The inflation monster continues to wreak havoc, and the cryptocurrency market has seen a massive sell-off for two consecutive nights! In the early hours of today (14th) Taiwan time, the BTC defense line was breached again, with a short-term sharp drop falling below the $79,000 mark, while ETH also dipped toward the edge of $2,230. The continuous sharp decline has left the contract market bloodied, with total liquidations across the network exceeding $385 million in the past 24 hours, and over 123,000 people being wiped out. (Previous coverage: Bitcoin short-term sharp drop "falls below $80,000", ETH loses $2,300! US April PPI shocks the market) (Background supplement: Bloomberg analyst: Market capital abandons gold to scramble for Bitcoin! BlackRock IBIT investment return rate outperforms GLD by 33%) The US has released higher-than-expected inflation data (CPI and PPI) for two consecutive days, leaving market hopes for a Fed rate cut this year on the verge of collapse. This macroeconomic tightening panic continues to hit the cryptocurrency market hard. Following yesterday's short-term "wick" drop, the crypto market encountered another extremely violent sell-off in the early hours of May 14, Taiwan time. BTC failed to withstand the selling pressure, with its price falling through the key support of $79,000 again; the trend of ETH also weakened in sync, with its intraday low approaching the $2,230 defense line. Disaster expands: Over 123,000 people liquidated, multi-million dollar whale wiped out The two consecutive days of "drawing a door" sharp drops completely crushed the long positions attempting to "buy the dip" in the contract market, triggering more destructive chain liquidations. According to the latest statistics from the derivatives data analysis platform CoinGlass, the liquidation data in the cryptocurrency market has further expanded compared to yesterday over the past 24 hours: - A total of 123,123 investors worldwide were forced to liquidate. - The total liquidation amount across the network soared to $385 million (approximately $385.44 million). - Epic single liquidation: A whale was spotted falling in the market! The largest single liquidation occurred on the Binance exchange in the ETHUSDT trading pair, where the whale's single liquidation value reached a staggering $11.75 million ($11.75M).

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