Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock
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. Geopolitical Tensions and Macro Factors Bitcoin briefly
