๐ Daily Market Report | Hot CPI Triggers a Wave of Liquidations
U.S. CPI rose 3.7% year over year in September, while core CPI came in at 2.6%โboth above expectations. Market bets on an October rate hike jumped to around 50%, sending risk assets lower. The Nasdaq plunged 1.9%, and the Philadelphia Semiconductor Index tumbled 4.3%.
A look at market data over the past 24 hours:
๐ป About $455โ950 million in liquidations across the market, with long positions accounting for over 87%. Nearly 110,000 traders were liquidated, marking the largest single-day liquidation total in nearly seven days.
๐ป $BTC is trading at around $80,200 (24h: -2.5%), retesting support at the 50-day moving average, with the lower Bollinger Band looking precarious.
๐ป $ETH fell over 4% to around $2,340, breaking below the $2,400 level and leading losses among major coins.
๐ป BNB is around $715 (-2.7%), and SOL around $102 (-3.2%); major coins are broadly lower.
๐ป The Fear & Greed Index fell from 62 to 53, shifting from greed to neutral.
๐ป ETFs: U.S. spot Bitcoin ETFs saw net outflows of around $261 million on Wednesday, while spot Ethereum ETFs recorded net outflows of around $130 million.
Key things to watch: whether the $80,000 psychological level and the 50-day moving average hold; and whether continued outflows from Ethereum ETFs since late September will further intensify the decline.
#ๆฏ็นๅธ #ไปฅๅคชๅ #CPIๆฐๆฎ #MarketTracker
Do you think this pullback is an opportunity to build a position gradually, or could a deeper correction still be ahead?
โ ๏ธ Personal opinion only. DYOR and manage your risk.
U.S. CPI rose 3.7% year over year in September, while core CPI came in at 2.6%โboth above expectations. Market bets on an October rate hike jumped to around 50%, sending risk assets lower. The Nasdaq plunged 1.9%, and the Philadelphia Semiconductor Index tumbled 4.3%.
A look at market data over the past 24 hours:
๐ป About $455โ950 million in liquidations across the market, with long positions accounting for over 87%. Nearly 110,000 traders were liquidated, marking the largest single-day liquidation total in nearly seven days.
๐ป $BTC is trading at around $80,200 (24h: -2.5%), retesting support at the 50-day moving average, with the lower Bollinger Band looking precarious.
๐ป $ETH fell over 4% to around $2,340, breaking below the $2,400 level and leading losses among major coins.
๐ป BNB is around $715 (-2.7%), and SOL around $102 (-3.2%); major coins are broadly lower.
๐ป The Fear & Greed Index fell from 62 to 53, shifting from greed to neutral.
๐ป ETFs: U.S. spot Bitcoin ETFs saw net outflows of around $261 million on Wednesday, while spot Ethereum ETFs recorded net outflows of around $130 million.
Key things to watch: whether the $80,000 psychological level and the 50-day moving average hold; and whether continued outflows from Ethereum ETFs since late September will further intensify the decline.
#ๆฏ็นๅธ #ไปฅๅคชๅ #CPIๆฐๆฎ #MarketTracker
Do you think this pullback is an opportunity to build a position gradually, or could a deeper correction still be ahead?
โ ๏ธ Personal opinion only. DYOR and manage your risk.