Brothers, tonight’s market looks really a bit magical!
The CPI data just landed—interest rate hike expectations had basically already shot up to 90%, so by all logic this should be a clear negative. Yet the crypto market just ignored it. $BTC hard reversed in a V-shape right after the wick went down, blasting up more than $3,000 and directly breaking through $79,300! This extreme shakeout was so aggressive that it probably blew up a lot of bears.
Not only did the big BTC surge—ETH also broke above 2,600, jumping nearly 9% in 24 hours! This price action is honestly beyond ridiculous, like “ridiculousness” opening the door for “ridiculous.” Even crazier is that the altcoin season seems like it might really be here. The DeFi sector is leading the whole market. People who cut and ran earlier probably are now slapping their own thighs in regret.
To be honest, this kind of mindless pump that ignores macro bad news—either the main players sensed something in advance, or it’s the “bull returns quickly” scenario. Right now, the market is basically: if you’re bold, you can make it; if you’re timid, you miss out.
The CPI data just landed—interest rate hike expectations had basically already shot up to 90%, so by all logic this should be a clear negative. Yet the crypto market just ignored it. $BTC hard reversed in a V-shape right after the wick went down, blasting up more than $3,000 and directly breaking through $79,300! This extreme shakeout was so aggressive that it probably blew up a lot of bears.
Not only did the big BTC surge—ETH also broke above 2,600, jumping nearly 9% in 24 hours! This price action is honestly beyond ridiculous, like “ridiculousness” opening the door for “ridiculous.” Even crazier is that the altcoin season seems like it might really be here. The DeFi sector is leading the whole market. People who cut and ran earlier probably are now slapping their own thighs in regret.
To be honest, this kind of mindless pump that ignores macro bad news—either the main players sensed something in advance, or it’s the “bull returns quickly” scenario. Right now, the market is basically: if you’re bold, you can make it; if you’re timid, you miss out.
