Just came across this: Analyst: A hotter-than-expected core CPI will reinforce expectations of further Fed rate hikes. I immediately took a look at $BTC .
When interest rates move in a direction the market didn’t expect, crypto prices often have to reprice. This kind of news hits highly leveraged funds first, so you can check the liquidation data.
When interest rates move in a direction the market didn’t expect, crypto prices often have to reprice. This kind of news hits highly leveraged funds first, so you can check the liquidation data.