Hotter-Than-Expected US Inflation Puts Bitcoin on Edge

US consumer and producer price readings released over the past two days came in well above forecasts. August CPI jumped to 6.3 % while PPI overshot the Fed’s 2 % target by more than three times, raising the odds of further rate hikes in 2026 and weighing on risk assets.

Bitcoin slid to the $80,000 area. Glassnode notes that the level acts as near-term support, yet futures data show heavy clusters of long liquidations just below it and another pocket near $75,000.

The firm highlights that downside liquidation zones now appear more vulnerable than the upper band, where shorts have been covering above $85,000. This imbalance tilts the near-term risk toward sharper drops.

Analyst Darkfost, applying Elliott Wave theory, argues the fifth leg of the advance has finished and a corrective move could reach $74,600. He adds that while the pullback may extend in the short run, the broader uptrend remains intact.

Based on information from cryptonews.net