Unexpectedly high inflation in the US has triggered alarm among bitcoin derivatives holders. The volume of open interest (OII) in leading crypto-tobows has decreased by almost $1.25 billion. As CryptoQuant analyst Amr Taha noted, investors actively closed deals, refrained from opening new ones and reduced the size of the credit shoulder. The fall was recorded simultaneously on four platforms: Binance, Gate io, Bybit and OKX.

After the release of consumer price data (CPI), Bitcoin dropped from $81,000 to $79,000, a loss of 2.5%. The situation has also been exacerbated by the core producer price index (PPI), which jumped to 5.2% under a forecast of 4.3%, the highest level since 2022.

CryptoQuant analysts also point to the increase in unrealized traders' profits to 17.7% - the last time such a level was observed in March 2022, shortly before the resumption of downward dynamics.

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