Waller is leaning toward keeping interest rates unchanged at the Fed meeting on September 16, if August inflation continues to cool.
Compared with July, Waller’s stance has become less hawkish. With the U.S. economy and labor market still in good shape, he will focus on inflation data to make a decision.
The CPI 🇺🇸 for August on September 11 will be a key marker: • Continuing to move closer to the 2% target -> Keep interest rates unchanged. • Higher than expected -> Slightly raise interest rates.
The probability of the Fed raising interest rates in September has already dropped from 66% → 54%.$ #TinFed
📊 The liquidation map is showing that the Bitcoin derivatives market is being squeezed between two key price levels:
- If BTC hits 90,000 USD, more than $11 billion worth of short orders will be liquidated - Conversely, if BTC falls below 50,000 USD, nearly $25 billion worth of long orders will be liquidated
⛓️ In particular, BTC’s open interest (the total value of outstanding derivatives contracts) is currently around $25.35 billion, close to the $25.7 billion peak from August, and the funding rate is still positive. This suggests that the leverage tilted toward the long side hasn’t been cleared out yet.
🐳 From the chart, it looks like the lower “sweet spot” is twice as tempting as the upper one in the eyes of the whales, and I just feel like the long side is the one getting exposed the most if there’s a reverse jerk.
Financial history has a strange but regular habit: Whenever there are major fluctuations in currency globally, smart money doesn't jump straight into Bitcoin. It will 'pause' at gold first as a safe haven. And then, when gold starts to rise sharply like it is now, it signals that something is coming. 💰 Gold has just reached a historical peak. Central banks around the world are quietly accumulating gold. Global tensions are rising, risks are increasing. The influx of money into gold is understandable.