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PANDA PROFITS
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REMINDER:
🇺🇸 Eyes on the new PCE inflation data dropping today at 10 AM ET.
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💥BREAKING: $411,000,000 WORTH OF CRYPTO LONG POSITIONS LIQUIDATED IN THE PAST 24 HOURS.
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What is this pattern called ?
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BREAKING: Bitcoin pumped $1500 on the lower than expected PCE data. But then it crashed -$3500 in 60 minutes. This wiped out $155 million worth of long positions in last 1 hour. There is no negative news or sudden FUD which could cause this type of sudden dump. It appears that a few entities control the entire crypto market and they manipulate price almost every week to liquidate both leveraged longs and shorts.
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REMINDER: 🇺🇸 FED IS PUMPING MONEY INTO THE BANKING SYSTEM!
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BREAKING: US PCE came in at 2.8% and Core PCE at 2.8% Expectations: 2.8% and 2.9% This is another sign that inflation is cooling faster than the Fed expected. With inflation falling and growth slowing, the Fed has no reason to keep rates high. A rate cut next week is now almost fully locked in. This is positive for markets, liquidity, and risk assets like BTC and ETH.
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