The stubborn inflation alarm sounded again, and the cryptocurrency market encountered heavy selling pressure! The U.S. consumer price index (CPI) increased by 0.4% month-on-month in October, and core CPI increased by 0.3% month-on-month, indicating that inflationary stickiness still exists. The release of macro data dampened market easing expectations. Bitcoin (BTC) fell sharply below the $74,000 level in the short term, and Ethereum (ETH) fell to the edge of $2,000. (Preliminary summary: Fed Governor Waller said: December is inclined to raise interest rates by 1%, and if October CPI is still high, 2% must be considered) (Background supplement: Can Taiwan stocks rebound on Monday? It rose 646 points in night trading, National Security Fund + short restriction order is on the road, financing cuts and CPI are variables) US inflationary pressure has once again sent a shock bomb to the global financial market. The U.S. Bureau of Labor Statistics (BLS) officially released the October Consumer Price Index (CPI) report at 8:30 a.m. Eastern Time on November 10 (the evening of the 10th Taipei time). Data show that the seasonally adjusted monthly growth rate of the U.S. Urban Consumer Price Index (CPI-U) in October reached 0.4%, compared with 0.6% in September; excluding highly volatile food and energy, the core CPI monthly growth rate remained at 0.3%, remaining flat at this level for three consecutive months, reflecting that underlying price pressure has not been completely eliminated. Housing and food prices pushed up the monthly growth rate, which is rare due to the "missing year-on-year data" due to last year's shutdown. From a detailed observation, the main driving force for the increase in living costs in October still lies in the rigid demand of people's livelihood: Housing costs (Shelter): increased by 0.3% in a single month, accounting for more than 30% of the overall monthly CPI increase; of which the owner's equivalent rent increased by 0.3%, and the rent increased by 0.2%. Food index: increased by 0.5% month-on-month, with dining out (eating out) rising by 0.5%, and home food also increasing by 0.4% (both meat and fruits and vegetables had significant increases). Energy and Transportation: The overall energy index increased by 0.7% month-on-month, and gasoline rose by 1.0% after seasonally adjustment; however, the price of second-hand cars and trucks fell by 1.2%, becoming one of the few sectors that brought deflationary momentum. It is worth noting that there are rare statistical gaps in this report. The BLS specifically stated in the announcement that due to the shutdown crisis (interruption of appropriations) of the U.S. government in 2025, officials were unable to collect complete benchmark data for October last year. Therefore, this report cannot release 12-month (annual growth rate, YoY) change data for most items, forcing the market and policymakers to rely entirely on month-on-month trends to judge the trajectory of inflation. Bitcoin fell to 74,000, Ethereum tested 2,000, and 80,000 people on the entire network liquidated their positions with over 350 million magnesium. As the monthly growth rate of inflation remained at a relatively high level, the market’s optimistic expectations for the Federal Reserve’s (Fed) subsequent aggressive interest rate cuts quickly cooled, and the cryptocurrency market immediately encountered a violent sell-off. As of press time, Bitcoin has fallen sharply from its highs, with the short-term "pin" falling below the $74,000 integer level; Ethereum (ETH) also lost support simultaneously, once falling to the $2,000 mark, triggering a massive stampede on bull positions. The chain of liquidations in the derivatives market has been particularly brutal. According to the latest statistics from CoinGlass, as of the evening of November 10th, Taipei time, as many as 80,898 contract traders across the network had been forced to liquidate their positions in the past 24 hours, with the total liquidation amount reaching $356 million. Among them, long (long) orders have become the hardest hit area, and the largest single liquidation recorded in the entire market occurred in the BTC-USD trading pair of the decentralized derivatives exchange Hyperliquid. This single position was worth up to US$14.3074 million. Inflation stickiness increases policy variables, and investors need to be wary of liquidity washouts. The strong non-farm employment and stubborn CPI data released this week jointly outline a complex macroeconomic background in which the U.S. economy still has growth momentum and inflation is cooling rapidly. As core price pressures have yet to slow down significantly, hawkish voices within the Federal Reserve may rise again, adding variables to the future pace of monetary easing. Analysts remind that the recent intensive release of macroeconomic data is often accompanied by shrinking liquidity among market makers and a two-way washout of long and short leverage. When market sentiment fluctuates violently, investors should pay close attention to whether key technical support levels can stop falling and stabilize, and strictly control contract positions and leverage risks to avoid liquidation shocks in short-term extreme fluctuations. Related reports: U.S. CPI surges in September! The annual increase of 3.7% exceeded expectations, Bitcoin plummeted by 1,000 mg and dropped to 82,800, CPI cooled down and short squeezed! Bitcoin skyrocketed to US$65,100, and the Air Force massacred nearly 70,000 people and liquidated its warehouse of 355 million mg. Don’t be fooled by the negative CPI growth! June inflation will show signs of reality tonight, with bets on the Federal Reserve raising interest rates in July reaching 40%. Goldman Sachs estimates that core CPI will rise 0.19% in July, lower than the consensus. Oil prices have returned to $87. Inflation is stubborn! The U.S. CPI increased by 0.4% in October, exceeding expectations. Bitcoin dropped below $74,000, and Ethereum dropped to $2,200. This article was first published in BlockTempo's "DongZu DongTen - the most influential blockchain news media."