Market is in Wait Mode right now. BTC is holding $74,000 support but not able to go above $75,500. ETH is at $2,086 and SOL at $84.45 - both weaker than BTC.

Here is the simple reason:

1. US Inflation Data Today at 7 PM IST

Everyone is waiting for US CPI data today. If inflation comes high, chances of US rate hike in December will increase (already 77-80%). That will be negative for crypto. If inflation comes low, we can see a small relief rally.

2. ETF Outflow Is Still Going On

This is the biggest pressure right now.

On Monday, $201M came out from Bitcoin ETF and $185M came out from Ethereum ETF. This is the biggest 1-day outflow for ETH since 6th Oct.

BlackRock's IBIT has seen outflow for 7 days in a row, total $1.66B out since 30th Oct.

Until money comes back into ETFs, BTC will struggle to stay above $76,000.

3. Fear Is Still High

Fear & Greed Index is at 32 - Fear Zone. Whales on Hyperliquid are still net short. ETH options show traders are betting 2x more on downside for Friday expiry.

4. Hack News Increasing Fear

Mercado Bitcoin exchange got hacked for $49M. And North Korea hackers laundered $430K via memecoins on NEAR. Because of this, people are scared to keep money on exchanges.

5. Some Positive News Too

Charles Schwab added Solana to its platform - good for SOL adoption long-term.

Coinbase got US National Trust Bank Charter - good for long-term.

Strategy (Michael Saylor) bought 1,036 more BTC even in this dip.

Simple Conclusion:

Market is not crashing, but it is also not recovering. It is waiting for today's CPI data. If CPI is good + ETF inflow returns, we can see bounce. If CPI is bad, BTC can test $73,700 again.