📉 Bitcoin took a 2.5% nosedive from a high of $69,547 to a low of $66,018, while Ether fell 2.58% to $3,500. This crypto rollercoaster wiped out almost $200 million in leveraged trades. Ouch! 😬

🔍 CoinGlass data reveals that 83,912 traders were liquidated in the last 24 hours, totaling $190.97 million. The largest single liquidation? A whopping $5.21 million ETH/USDT swap on OKX.

📊 Bitcoin traders bore the brunt of the pain, with $46.9 million in liquidations, while Ether traders followed with $41.0 million. This wave of liquidations follows a previous tsunami on June 7, when the crypto market saw $400 million in liquidations.

📈 The recent market correction is attributed to the upcoming May CPI report and the FOMC meeting on June 12. Historically, CPI data releases and FOMC rate changes have caused crypto market volatility.

🔮 With the CPI expected to remain within the 0.1% to 0.3% range and the FOMC likely to keep the interest rate unchanged, what's your prediction for the crypto market? Share your thoughts below! 💬👇 #DeFi #Web3 #CryptoNews