$BTC falls below 82,000! Bears are willing to pay to open short positions—will tomorrow’s CPI decide everything? ⚡️🔥😤
I said it before: don’t bet on a direction before the CPI numbers are out! Overnight, $BTC got hammered straight down to 81,800, falling 2.5% in 24 hours and failing to hold 82,000.
$ETH 2448, $SOL 105.8, DOGE at $0.082—altcoins have taken a much worse beating than Bitcoin. Those who know, know.
Put simply, how brazen are the bears right now? Derivatives funding rates are still underwater, and open interest has fallen to its year-to-date low—everyone’s betting on a disastrous CPI report tomorrow. But on-chain data isn’t showing fear: exchange reserves of $BTC remain low, and whales haven’t budged on their 3 million coins. QCP says bullish butterflies at 90,000/95,000/100,000 for the end of October are the month-end positioning focus—big money is still betting on a breakout.
My take: 80,000 is a tough psychological support level. Don’t panic before it breaks, and definitely don’t chase shorts! Tomorrow’s Wednesday CPI release will reveal the real direction—wait for the data before making a move. Trading now is just asking to get rekt.
Personal opinion only; not financial advice.
#BTC #Crypto #WriteToEarn #MarketAnalysis
I said it before: don’t bet on a direction before the CPI numbers are out! Overnight, $BTC got hammered straight down to 81,800, falling 2.5% in 24 hours and failing to hold 82,000.
$ETH 2448, $SOL 105.8, DOGE at $0.082—altcoins have taken a much worse beating than Bitcoin. Those who know, know.
Put simply, how brazen are the bears right now? Derivatives funding rates are still underwater, and open interest has fallen to its year-to-date low—everyone’s betting on a disastrous CPI report tomorrow. But on-chain data isn’t showing fear: exchange reserves of $BTC remain low, and whales haven’t budged on their 3 million coins. QCP says bullish butterflies at 90,000/95,000/100,000 for the end of October are the month-end positioning focus—big money is still betting on a breakout.
My take: 80,000 is a tough psychological support level. Don’t panic before it breaks, and definitely don’t chase shorts! Tomorrow’s Wednesday CPI release will reveal the real direction—wait for the data before making a move. Trading now is just asking to get rekt.
Personal opinion only; not financial advice.
#BTC #Crypto #WriteToEarn #MarketAnalysis