$ETH CPI has not been released yet, but the market is already moving ahead of the announcement. Are institutional investors starting to position themselves?
CPI data is due out tonight. In theory, the market should be in a wait-and-see mode, but prices have already made a sharp move, rebounding quickly. This suggests that investors are positioning themselves in advance based on expectations around the announcement.
On-chain liquidation data shows that short-side pressure has eased significantly in a short period. Around 1.91 million in short positions were liquidated on an hourly basis, forcing many highly leveraged short sellers out of the market. This rally looks more like major players taking advantage of market sentiment to clear out short positions above and make room for the next move.
However, it is still too early to tell whether this rally reflects institutions betting in advance on a favorable CPI reading, or whether traders are using expectations around the announcement to spark a short-term move.
#9月CPI来袭原油美债走势如何 #以太坊ETF批准预期
CPI data is due out tonight. In theory, the market should be in a wait-and-see mode, but prices have already made a sharp move, rebounding quickly. This suggests that investors are positioning themselves in advance based on expectations around the announcement.
On-chain liquidation data shows that short-side pressure has eased significantly in a short period. Around 1.91 million in short positions were liquidated on an hourly basis, forcing many highly leveraged short sellers out of the market. This rally looks more like major players taking advantage of market sentiment to clear out short positions above and make room for the next move.
However, it is still too early to tell whether this rally reflects institutions betting in advance on a favorable CPI reading, or whether traders are using expectations around the announcement to spark a short-term move.
#9月CPI来袭原油美债走势如何 #以太坊ETF批准预期