Bitcoin Price Reclaims $74K After CPI Sell-Off Sparks Volatility

Bitcoin rebounded above $74,600 after dropping to $72,787 following hotter-than-expected U.S. inflation data. The volatile price action led to low leverage wipeouts, with bitcoin liquidations at $51 million out of $199 million market-wide. Derivatives activity cooled as total liquidations fell below $200 million, signaling reduced speculative pressure.