{"id":32401,"date":"2026-09-11T10:14:05","date_gmt":"2026-09-11T09:14:05","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/09\/11\/bitcoin-363m-liquidations-ppi-bull-trend\/"},"modified":"2026-09-11T10:14:11","modified_gmt":"2026-09-11T09:14:11","slug":"bitcoin-363m-liquidations-ppi-bull-trend","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-363m-liquidations-ppi-bull-trend\/","title":{"rendered":"Bitcoin: A Hot PPI Print Triggers $363M in Liquidations \u2014 Is the Bull Trend Still Intact?"},"content":{"rendered":"\n

US macroeconomic data just sent a violent shockwave through the crypto market. A Producer Price Index (PPI)<\/strong> reading that came in above expectations was enough to trigger a wave of massive Bitcoin liquidations<\/strong>, wiping out long positions accumulated over several days in just a matter of hours.<\/p>\n\n\n\n

Yet beneath the brutality of the move, technical and on-chain signals tell a more nuanced story. Is the BTC bull trend<\/a><\/strong> genuinely at risk, or is this simply a healthy purge before the next leg up?<\/p>\n\n\n\n

The answers lie in the data \u2014 and they deserve a careful read.<\/p>\n\n\n\n

$363M in Liquidations: The PPI Shakes Crypto Markets to Their Core<\/h2>\n\n\n\n

The release of the US PPI<\/strong> \u2014 coming in above economist forecasts \u2014 immediately reignited fears of a prolonged restrictive monetary policy from the Fed<\/strong>. Traditional financial markets reacted negatively, dragging Bitcoin<\/strong> down with them. Within hours, $363 million worth of positions were liquidated<\/a><\/strong>, the majority of them longs, according to data from CoinGlass<\/strong>.<\/p>\n\n\n\n

This type of liquidation cascade is characteristic of an overleveraged market<\/strong>: when the price drops sharply, heavily leveraged long positions are automatically closed out, amplifying the decline. The funding rate<\/strong>, which had been reflecting excessive trader optimism over recent days, normalized abruptly \u2014 a signal that the market is now digesting that speculative excess.<\/p>\n\n\n\n

On the short-term holder side, selling pressure is also clearly visible. 549,300 BTC were transferred to exchanges over the past three weeks<\/strong>, according to on-chain data, reflecting significant profit-taking from weaker hands. This inflow to trading platforms has historically been a warning signal worth monitoring closely.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

Is Bitcoin’s Technical Structure Still Bullish?<\/h2>\n\n\n\n

Despite the severity of the move, Bitcoin’s macro structure<\/strong> has not yet been compromised. On the daily chart, BTC<\/strong> continues to print a series of higher highs and higher lows \u2014 the very definition of an intact uptrend<\/strong>. The key support zones<\/strong>, particularly around the 21-day and 50-day exponential moving averages<\/strong>, have not yet been decisively broken.<\/p>\n\n\n\n

The bullish scenario remains conditional: Bitcoin must hold its current support levels and avoid a daily close below the critical technical zones<\/strong> identified by analysts on TradingView<\/strong>. A bounce from these levels would confirm that the liquidation was nothing more than a technical purge, rather than the beginning of a trend reversal.<\/p>\n\n\n\n

Conversely, a clean break below these supports would open the door to a deeper correction<\/a><\/strong>, potentially toward the institutional demand zones identified on CryptoQuant<\/strong>. The market is therefore at a decisive crossroads, where every candle close matters.<\/p>\n\n\n\n

Macro and On-Chain: What the Data Reveals About What’s Next<\/h2>\n\n\n\n

The macroeconomic environment<\/strong> remains the primary short-term risk factor. A high PPI reading<\/strong> reinforces the case for a less accommodative Fed<\/strong>, which mechanically weighs on risk assets like Bitcoin<\/strong>. Upcoming economic releases \u2014 particularly the CPI<\/strong> and the Fed minutes<\/strong> \u2014 will be decisive in determining market direction over the coming weeks.<\/p>\n\n\n\n

On the on-chain front, the massive transfer of 549,300 BTC to exchanges by short-term holders<\/strong> warrants a nuanced reading. While this flow signals profit-taking, it does not yet constitute a capitulation signal from strong hands. Long-term holders (LTHs)<\/a><\/strong> are maintaining their positions \u2014 a sign of conviction that tempers the prevailing pessimism.<\/p>\n\n\n\n

In short, the Bitcoin bull run<\/a><\/strong> is not dead, but it is entering a testing phase. The market’s ability to absorb this macro and on-chain selling pressure will determine whether the next bullish impulse can materialize \u2014 or whether a longer consolidation is required before any new all-time high.<\/p>\n\n\n\n

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