Digital assets see $434 million in weekly outflows
- U.S. September CPI rose 3.7% year over year, above the 3.6% expected; core CPI was 2.6%. Retail sales rose 0.8% month over month, far exceeding the 0.3% expected, but just 0.2% excluding gasoline.
- CoinShares reported net outflows of $434 million from digital asset investment products this week. Polymarket bettors put the odds of rates staying unchanged in October at about 75%, and a 25-basis-point hike at about 25%; expectations of another hike by year-end are rising.
Rate expectations are turning hawkish, putting short-term pressure on Bitcoin. Don’t chase longs before selling pressure on the rebound has eased. Are you bullish or bearish on this move? Reply 1 for bullish, 2 for bearish.
$BTC $ETH $SOL
- U.S. September CPI rose 3.7% year over year, above the 3.6% expected; core CPI was 2.6%. Retail sales rose 0.8% month over month, far exceeding the 0.3% expected, but just 0.2% excluding gasoline.
- CoinShares reported net outflows of $434 million from digital asset investment products this week. Polymarket bettors put the odds of rates staying unchanged in October at about 75%, and a 25-basis-point hike at about 25%; expectations of another hike by year-end are rising.
Rate expectations are turning hawkish, putting short-term pressure on Bitcoin. Don’t chase longs before selling pressure on the rebound has eased. Are you bullish or bearish on this move? Reply 1 for bullish, 2 for bearish.
$BTC $ETH $SOL