Whale holds a long position in BTC worth $70 million, which was liquidated after the release of CPI data

According to CoinMeta and on-chain analyst Yu Jin, a whale investor with a long position in BTC worth 70 million US dollars was forcibly liquidated at 20:30, resulting in a loss of 1.6 million US dollars. The liquidation price for that long position was 76,308 US dollars. After the release of CPI data, the price of BTC spiked to 76,046 US dollars. Following this spike, BTC quickly rebounded, and the whale investor reopened a long position in BTC worth 13.68 million US dollars at a price of 77,875 US dollars.