CPI came in hot, but $BTC acted as if it never happened in just 90 minutes. At 21:30, it spiked to $73,524; by 23:00, it closed at $74,636—higher than the pre-release price of $74,410. Yet within those 90 minutes, over $178 million in long positions were liquidated across the entire network after the release; on Polymarket, the probability of a 50-basis-point rate hike in December jumped from 4.45% to 12.7%. Inflation didn’t improve, and rate hikes weren’t canceled—only the price returned. The positions that got washed out won’t come back.
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