Why after the CPI is released at night, even though the data is bearish and the rate-hike probability increases, BTC and ETH still went up?
The main reason is that after yesterday evening’s PPI was released, the market already panicked for a round and had priced in the bad news in advance.
Although tonight’s core CPI is 0.3%, higher than the expected 0.2%, other data is in line with expectations. In other words, people expected it to be worse, but when the data came out it wasn’t too bad.
Also, the bad news is already out, panic has settled, and there are no further negative news. Short sellers take profit and close positions (buy back their shares) → which directly creates a short squeeze and quickly pushes up the coin price
$BTC
#CPI数据来袭能否触发9月加息
The main reason is that after yesterday evening’s PPI was released, the market already panicked for a round and had priced in the bad news in advance.
Although tonight’s core CPI is 0.3%, higher than the expected 0.2%, other data is in line with expectations. In other words, people expected it to be worse, but when the data came out it wasn’t too bad.
Also, the bad news is already out, panic has settled, and there are no further negative news. Short sellers take profit and close positions (buy back their shares) → which directly creates a short squeeze and quickly pushes up the coin price
$BTC
#CPI数据来袭能否触发9月加息
