🔥 CPI came in hot: +0.4% in October vs 0.3% expected. Core +0.3% vs 0.2%.
$BTC spiked to $74,770 on the print, then got sold to $73,524 within 15 minutes. Now ~$73,950, below Strategy's $75,456 cost basis that it was sitting on this morning.
Hot inflation means fewer rate cuts, and the market reacted like it. I'd wait for a reclaim of $75K before buying.
Do you buy this dip or wait for the Fed? NFA
#CPI #BTC
$BTC spiked to $74,770 on the print, then got sold to $73,524 within 15 minutes. Now ~$73,950, below Strategy's $75,456 cost basis that it was sitting on this morning.
Hot inflation means fewer rate cuts, and the market reacted like it. I'd wait for a reclaim of $75K before buying.
Do you buy this dip or wait for the Fed? NFA
#CPI #BTC
