Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins. Bitcoin held below $80,000 after Wednesday's stronger-than-expected U.S. producer price inflation data sparked a risk-off move and wiped out leveraged bullish bets. Crypto derivatives markets showed signs of stress, with liquidations surging to nearly $400 million and ether open interest hitting a record high. Altcoins slid sharply, with mem…
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