Bitcoin, Ethereum, Dogecoin Trade Lower Following Inflation Data: 'Pray $58K-$59K Holds Or Else It's Nuke City For Bitcoin Baby'

Cryptocurrency markets are trading lower as Bitcoin ETFs clocked a second consecutive day of outflows on Wednesday while Spot Ethereum flows remaining muted.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 25.7% and daily active addresses falling by 18.8%. Transactions greater than $100,000 are down from 9,459 to 7,555 in a single day. Exchanges netflows are down by 79.4%.
• Coinglass data reports 71,977 traders were liquidated in the past 24 hours, with the total ...

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