News
Bitcoin Slides Below $81K After CPI-Driven Market Selloff
Bitcoin dropped 3.11% from $83,310 to $80,870 following the Consumer Price Index (CPI)-driven market selloff. Bybit funding flipped negative to -0.01097, signaling growing short pressure. Deribit options show bearish skew and rising implied volatility, indicating increased demand for downside protection. The upcoming Producer Price Index (PPI) inflation report is expected to impact Bitcoin's price.