U.S. CPI rose 3.7% year over year in September, above market expectations, and the probability of a Fed rate hike in October climbed to 43.7%—after news like this, I look at large orders first, then the price.
It’s bearish, but one piece of news alone isn’t enough to turn the market lower. Futures open interest and spot buying need to be assessed separately: rallies driven by spot demand are more stable.
$BTC , 24h -1.99%.
#BTC
It’s bearish, but one piece of news alone isn’t enough to turn the market lower. Futures open interest and spot buying need to be assessed separately: rallies driven by spot demand are more stable.
$BTC , 24h -1.99%.
#BTC