{"id":72473,"date":"2026-05-13T19:28:54","date_gmt":"2026-05-13T19:28:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-slides-below-79k-as-304m-in-crypto-longs-vanish-after-ppi-shock\/"},"modified":"2026-05-13T19:28:54","modified_gmt":"2026-05-13T19:28:54","slug":"bitcoin-slides-below-79k-as-304m-in-crypto-longs-vanish-after-ppi-shock","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-slides-below-79k-as-304m-in-crypto-longs-vanish-after-ppi-shock\/","title":{"rendered":"Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin tumbled to $78,704 on May 13 following a sharp acceleration in wholesale inflation data.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinglass data shows the crash triggered $94 million in BTC long liquidations on the top cryptocurrency.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Polymarket odds favor a Fed pause in June despite PPI jumping 1.4% in April 2026.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Geopolitical Tensions and Macro Factors<\/h2>\n<p> <span>Bitcoin<\/span> briefly plunged below $79,000 for the first time since May 4 as investors digested the latest producer price index (PPI) data, which showed a sharp acceleration in wholesale <span>inflation<\/span>. According to the <span>cryptocurrency<\/span>\u2019s daily price chart, <span>bitcoin<\/span> was coasting above $81,000 before tumbling to an intraday low of $78,704.<\/p>\n<p>Although the <span>cryptocurrency<\/span> had recovered and was trading just over $79,000 at the time of writing (1:08 p.m. EDT, May 13), it remained down 1% over a 24-hour period, while its market capitalization slipped below $1.6 trillion. Following the latest retreat, <span>bitcoin<\/span> has shed approximately $3,000 from its May 11 peak of $82,145. The decline began after the Trump administration rejected an Iranian counter-peace proposal.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>While global markets await Washington\u2019s next move after President Donald Trump characterized U.S.-Iran relations as being on \u201clife support,\u201d the release of consumer price index (CPI) <a href=\"https:\/\/news.bitcoin.com\/us-inflation-accelerates-for-second-straight-month-as-gas-costs-drive-april-cpi\/\">data<\/a> showing <span>inflation<\/span> slightly ahead of projections spooked investors. According to a Bitunix analyst, the latest CPI data indicates that energy-driven price shocks \u201care once again becoming the dominant force within the U.S. <span>inflation<\/span> structure, with pressure now spreading into housing, services, and broader consumer sectors.\u201d<\/p>\n<p>\u201cThe data suggests that despite two years of restrictive monetary policy, <span>inflation<\/span> in the United States has not truly returned to a stable trajectory,\u201d the analyst said in a note.<\/p>\n<p>While the CPI figure dampened hopes for a rate cut, the surge in the PPI\u2014which jumped 1.4% in April 2026 to 6%\u2014is now seen as increasing the odds of a rate hike. On <span>prediction markets<\/span> Polymarket and Kalshi, the odds of the Federal Reserve leaving<a href=\"https:\/\/news.bitcoin.com\/despite-warsh-replacing-powell-at-the-fed-traders-see-no-rate-cut-coming-in-june\/\"> interest rates unchanged<\/a> in June were near 100%.<\/p>\n<p>Boston Fed President Susan Collins reportedly warned that some \u201cpolicy tightening is needed to ensure that <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> returns durably to 2% in a timely manner.\u201d For risk-on assets such as tech stocks and <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>, further tightening is viewed as a restriction on upside potential.<\/p>\n<p>As was the case Tuesday, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>\u2019s slide saw long liquidations surpass short liquidations. However, Coinglass data showed the value of long positions liquidated was significantly higher at $94 million, or $37 million more than the previous day. Similarly, short liquidations were double the $7.5 million recorded Tuesday. Overall, the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> markets saw $304 million in long positions liquidated versus $71 million in shorts.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-slides-below-79k-as-304m-in-crypto-longs-vanish-after-ppi-shock\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin tumbled to $78,704 on May 13 following a sharp acceleration in wholesale inflation data. Coinglass data shows the crash triggered $94 million in BTC long liquidations on the top cryptocurrency. Polymarket odds favor a Fed pause in June despite PPI jumping 1.4% in April 2026. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72473"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72473"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72474"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}