Within the last 24 hours, there has been an important wave of sales in crypto currency markets with the US manufacturer price index (PPI) data above expectations. In this process, over $ 1 billion leveraged positions were liquidated. The rising inflation concerns and the expectation that this situation may delay interest reduction decisions of the US Federal Bank (Fed) is the main reasons for the sudden fluctuation in the market.
Details of the big loss in leveraged positions
Bitcoin (BTC) $119,187.53recently tested over 123,500 dollars, reaching the highest level of all time. However, the risk that began after this summit led to a loss of value in all major crypto beings from memecoins to large volume subcoins. Dogecoin, one of the most valuable losses 
$0.230331 (Doge) came to the fore with a 9 %decline. In addition, Solana (left), XRP and BNB suffered between 3 %and 7 %.
According to liquidation data, a total of $ 866 million losses occurred in long positions in the last day. This amount is well above the $ 140 million loss in short positions. Ethereum (ETH) 
$4,644.03 While the positions of $ 348.9 million experienced in their positions, this figure in Bitcoin was $ 177.1 million. In Solana, XRP and Dogecoin, 64.2 million, 58.8 million and $ 35.8 million, respectively.
The liquidation volumes and market reactions of the stock exchanges
Bybit had the largest share with a total liquidation of $ 421.9 million. More than 92 %of these losses were caused by long positions with extreme leveraged. 249.9 million dollars in Binance, OKX stock exchange of 125.1 million dollars of liquidation took place. The biggest loss in a single position was OKX’s $ 6.25 million ETH-USDT continuous transaction contract.
BTSE’s operation director Jeff Mei said, “The surprise increase in inflation was the explanation of the extraordinary rise in the crypto market last week. We expect markets to fluctuate at the current levels until a more positive guidance arrives than the FED.
LVRG Research Director Nick Ruck said, “In this week’s movements, Bitcoin reached its new summit, but it was affected by macroeconomic developments. The increase in inflation more than expected strengthened the risk that a strict inflationary period may continue. The market can delay the interest decisions of the FED. We think that recovering will happen, ”he said.
FED decisions and its impact on the market
Experts emphasize that such movements on the market show the increasing sensitivity of crypto beings to macroeconomic conditions. In particular, inflation and employment data from the USA are reported to play a decisive role in investor behaviors. Fed’s official statements and future economic indicators will be important in shaping the market direction.
As a result, as September approaches, investors closely follow the US inflation figures and the FED’s statements about the economy. According to experts, the market can follow a wavy course in the short term, but maintaining the basic value of crypto assets can make it possible to recover in the long term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
