Data: CPI data triggered a BTC spike, a certain whale's $70 million BTC long position was liquidated with a loss of $1.6 million

According to on-chain analyst Yu Jin's monitoring, a whale with a position of 70 million USD in BTC long was completely liquidated at 20:30 due to the CPI data release, which caused BTC to spike to 76,046 USD, with a liquidation price of 76,308 USD, resulting in a loss of 1.6 million USD.

After the spike, BTC quickly rebounded, reopening a BTC long position worth 13.68 million USD at 77,875 USD.