Woke up this morning to find that $BTC had fallen below 81,000 again, dipping as low as 80,700 intraday, while $ETH also lost the 2,400 level. The main culprit this time was the red-hot PPI report: September PPI rose 1.3% month over month and 6.3% year over year, stoking inflation fears again. Expectations of high interest rates, continued selling in AI stocks, and $146 million in net outflows from spot BTC ETFs this week left the bulls with little fight left.
The most painful part is that the Fear and Greed Index is still at 63, in “Greed” territory. Sentiment is running hot, but prices are heading down—a divergence like this is usually not a good sign. With the Fed’s month-end rate decision approaching, the 80,000 level will probably be tested repeatedly. #比特币 #PPI #Federal Reserve
The most painful part is that the Fear and Greed Index is still at 63, in “Greed” territory. Sentiment is running hot, but prices are heading down—a divergence like this is usually not a good sign. With the Fed’s month-end rate decision approaching, the 80,000 level will probably be tested repeatedly. #比特币 #PPI #Federal Reserve