🚨 PPI CAME IN COOLER THAN EXPECTED — $BTC BOUNCED OFF ITS LOWS — BUT THE DECEMBER HIKE IS STILL ON THE TABLE!
October US PPI rose 0.3% month on month, below the 0.4% forecast, and 6.5% year on year versus 6.6% expected. Core PPI matched forecasts at 0.3%. Softer wholesale inflation — the last big inflation print before the Fed's December 8-9 meeting.
$BTC jumped from about 69,100 USD just before the release to near 70,000 USD within minutes. $ETH held near 1,980 USD while $SOL turned green.
Here's the catch:
📉 Fear & Greed is at 20 — Extreme Fear, unchanged even after the cooler print.
📊 1.64 billion USD in positions were liquidated in 24 hours — 95% of $BTC liquidations were longs.
💧 Total crypto open interest fell 4.6% to 120.2 billion USD — leverage is leaving the market.
A cooler PPI trims the odds of a bigger 50-basis-point December hike, but a 25-basis-point hike is still fully priced in. One soft print does not end the hiking story.
One number can move the whole market — but sentiment only turns when the data keeps cooling. Do you think this bounce holds, or is it just a relief rally? 👇
Not financial advice — educational purposes only.
#WhatWillDriveCryptoandStocks'NextRebound? #Bitcoin #PPI #crypto
October US PPI rose 0.3% month on month, below the 0.4% forecast, and 6.5% year on year versus 6.6% expected. Core PPI matched forecasts at 0.3%. Softer wholesale inflation — the last big inflation print before the Fed's December 8-9 meeting.
$BTC jumped from about 69,100 USD just before the release to near 70,000 USD within minutes. $ETH held near 1,980 USD while $SOL turned green.
Here's the catch:
📉 Fear & Greed is at 20 — Extreme Fear, unchanged even after the cooler print.
📊 1.64 billion USD in positions were liquidated in 24 hours — 95% of $BTC liquidations were longs.
💧 Total crypto open interest fell 4.6% to 120.2 billion USD — leverage is leaving the market.
A cooler PPI trims the odds of a bigger 50-basis-point December hike, but a 25-basis-point hike is still fully priced in. One soft print does not end the hiking story.
One number can move the whole market — but sentiment only turns when the data keeps cooling. Do you think this bounce holds, or is it just a relief rally? 👇
Not financial advice — educational purposes only.
#WhatWillDriveCryptoandStocks'NextRebound? #Bitcoin #PPI #crypto
