PPI was GOOD, yet BTC crashed to $67,568. Why?
PPI MoM: 0.3% vs 0.4% expected
PPI YoY: 6.5% vs 6.6% expected
But:
- Nvidia CEO resigned, NVDA -27%
- ETF outflows $1.44B in 5 days
- $1.65B liquidations
- Dollar above 103, Yield 5.14%
One good news vs 5 bad news. That's why BTC fell.
$67,568 holds = $70K
$67,568 breaks = $65K
#BTC #Bitcoin #PPI
PPI MoM: 0.3% vs 0.4% expected
PPI YoY: 6.5% vs 6.6% expected
But:
- Nvidia CEO resigned, NVDA -27%
- ETF outflows $1.44B in 5 days
- $1.65B liquidations
- Dollar above 103, Yield 5.14%
One good news vs 5 bad news. That's why BTC fell.
$67,568 holds = $70K
$67,568 breaks = $65K
#BTC #Bitcoin #PPI
