I’m taking a side: CPI came in hotter than expected, so $BTC falling to around $72,800 wasn’t a coincidence—it was the market pricing in rate hike expectations. The evidence is there: the Labor Department announced on the evening of November 10 that October CPI rose 0.4% month over month, while core CPI rose 0.3%, both above expectations. Waller had previously said that if core CPI reached 0.3%, a 50-basis-point hike should be considered. $BTC briefly fell to $72,787 intraday, an 11-week low, and crypto liquidations across the market topped $632 million over 24 hours. Why it matters: the probability of a 25-basis-point hike in December rose to 85%, and $ETH also fell below $2,050; spot ETFs saw $201 million in net outflows on Monday, while IBIT has had outflows for seven consecutive days. The next thing to watch is whether $72,000 holds. Which side are you on: wait and see until the December rate decision, or think the market has fallen far enough? #比特币 #CPI #市场观察 For informational purposes only; this is not investment advice.