Bitcoin Rebounds Above $82,000 Following Hot US Inflation and $950 Million Liquidation Cascade

Bitcoin rebounded above $82,000 after briefly falling below $80,000 to an intraday low of $79,694. The selloff was triggered by stronger-than-expected U.S. inflation data, including September Consumer Price Index growth of 3.7% year-over-year and a 1.3% monthly surge in Producer Price Index wholesale inflation. The macro shock sparked heavy derivatives market unwinds, wiping out nearly $950 million in total crypto liquidations, led by $787.18 million in forced closures of leveraged long positions. Bitcoin stabilized back above key horizontal levels as buyers defended the $80,000 to $81,500 support zone.