PPI Data Triggers Market Correction, BTC Drops Below $77,000

The US PPI inflation data release drove up inflation expectations and triggered a market correction. The Federal Reserve's interest rate cycle is approaching, making inflation data a key indicator for short-term market movements.

BTC pulled back as low as $76,600, while ETH fell to $2,403 at its lowest. Market liquidation statistics show over 147,000 traders were liquidated in the past 24 hours, with long liquidations reaching $440 million USD.

The correction is mainly a short-term emotional sell-off triggered by data, not a major trend reversal. As long as BTC doesn't break below $75,000 effectively, the bullish structure remains solid.