Hot PPI Data: Wholesale Prices Jumped 1.3% in September, Double Forecasts

US wholesale inflation came in far hotter than expected in September, dealing crypto markets a second inflation shock in two days.

PPI Doubles Expectations

The Producer Price Index rose 1.3% in September — more than double the 0.6% consensus forecast. Annually, producer prices were up 6.3%, with energy costs surging 10.8% and gasoline jumping 20.3%. It landed a day after September CPI printed at 3.7% year over year.

Bitcoin Tests $80,000 Again

Bitcoin slid to about $80,582 within three minutes of the data. Total crypto liquidations approached $1 billion over 24 hours, with longs accounting for roughly 90-92%.

ETF Outflows Deepen

US spot Bitcoin ETFs lost $261.4 million on October 14, led by Fidelity’s FBTC at $152.7 million and BlackRock’s IBIT at $110.9 million, per Farside Investors. October’s net flow sits at a $537.4 million deficit. Support at $80,000; resistance $82,000-$83,000.

Source: Crypto Times, Blockchain Reporter