🚨 Fed Hike Odds Jump To 96% As Bitcoin Tests $73,000
So Waller spoke and the market did what it always does — front-ran the Fed.
He said he backs a 25bp hike in December, but here's the part people are skipping: if October core CPI comes in hot again at 0.3% m/m, he's open to going 50bp straight. His reasoning? A quarter point alone would wreck the Fed's credibility. That's not dovish, that's a warning shot.
December hike odds went from 76% to 96% in basically one session. That's the market saying it's done, stop debating it.
BTC is sitting near 73,600 after slipping under 74k. ETH around 2,060. Nothing dramatic yet, but the mood shifted.
73,000 is the line everyone's watching. Traders are calling it a liquidation cluster lots of longs stacked there. If it breaks 70k comes into play fast. Not official data just how the order books look.
Worth remembering 96% is a betting market number not a Fed decision. Waller's speech moved expectations, not the funds rate.
$BTC $AGT #HotCPIDecemberHikePriced
So Waller spoke and the market did what it always does — front-ran the Fed.
He said he backs a 25bp hike in December, but here's the part people are skipping: if October core CPI comes in hot again at 0.3% m/m, he's open to going 50bp straight. His reasoning? A quarter point alone would wreck the Fed's credibility. That's not dovish, that's a warning shot.
December hike odds went from 76% to 96% in basically one session. That's the market saying it's done, stop debating it.
BTC is sitting near 73,600 after slipping under 74k. ETH around 2,060. Nothing dramatic yet, but the mood shifted.
73,000 is the line everyone's watching. Traders are calling it a liquidation cluster lots of longs stacked there. If it breaks 70k comes into play fast. Not official data just how the order books look.
Worth remembering 96% is a betting market number not a Fed decision. Waller's speech moved expectations, not the funds rate.
$BTC $AGT #HotCPIDecemberHikePriced
