$1.58B has left US spot Bitcoin ETFs in 7 sessions — and BTC still refuses to break $72,000.
• October CPI came in hot at +0.4% vs +0.3% expected, core +0.3% vs +0.2% — Chicago Fed's Goolsbee called it "borderline disturbing" and December hike odds now sit at 86.5%.
• Wednesday brought ~$300M more out of US spot Bitcoin ETFs — the 5th straight outflow day — and BTC still holds above $72,000 with 24h volume near $26B.
• Fear & Greed reads 28 — Fear — for a 7th straight day, BTC dominance sits near 59%, and ETH holds the $2,000 line near $2,015.
My bias: $72,000 holds into the US session — a hot CPI print and five straight days of ETF selling could not break it, and $74,000 is the level that flips the tape.
Evening levels: resistance $74,000, then $75,150 (50-week average); support $72,000, then $71,800. US PPI lands tomorrow at 8:30 AM ET — tonight is about holding $72,000 first.
Below $72,000, this setup is off the table.
The CPI flush already tested $72,600 — are you buying this $72,000 floor or waiting for $74,000 to flip first?
$BTC $ETH $BNB #Bitcoin #BTC #CryptoNews #CryptoMarket #CPI
• October CPI came in hot at +0.4% vs +0.3% expected, core +0.3% vs +0.2% — Chicago Fed's Goolsbee called it "borderline disturbing" and December hike odds now sit at 86.5%.
• Wednesday brought ~$300M more out of US spot Bitcoin ETFs — the 5th straight outflow day — and BTC still holds above $72,000 with 24h volume near $26B.
• Fear & Greed reads 28 — Fear — for a 7th straight day, BTC dominance sits near 59%, and ETH holds the $2,000 line near $2,015.
My bias: $72,000 holds into the US session — a hot CPI print and five straight days of ETF selling could not break it, and $74,000 is the level that flips the tape.
Evening levels: resistance $74,000, then $75,150 (50-week average); support $72,000, then $71,800. US PPI lands tomorrow at 8:30 AM ET — tonight is about holding $72,000 first.
Below $72,000, this setup is off the table.
The CPI flush already tested $72,600 — are you buying this $72,000 floor or waiting for $74,000 to flip first?
$BTC $ETH $BNB #Bitcoin #BTC #CryptoNews #CryptoMarket #CPI
