Institutions bolt as soon as inflation rears its head
Both U.S. CPI and retail sales came in above expectations, crushing rate-cut bets: the odds are now 75% for no change and 25% for a hike. CoinShares reported $434 million in net outflows from digital asset products this week. These institutions are quicker on their feet than anyone—once the data dropped, they grabbed their buckets and ran.
ETF funds have been pulling out for consecutive sessions, and leveraged longs are the only thing propping up the market. A short-term rebound looks weak, with a high chance of a rally fading. First, watch whether the area around 90,000 can hold. Market makers are just waiting to wick down and liquidate highly leveraged longs before picking a direction.
Bulls, is it cold up there on the rooftop while you wait in line? Drop the entry price for your longs, and tell us whether you plan to tough it out or get out first this time around with and .
$BTC $ETH $SOL
Both U.S. CPI and retail sales came in above expectations, crushing rate-cut bets: the odds are now 75% for no change and 25% for a hike. CoinShares reported $434 million in net outflows from digital asset products this week. These institutions are quicker on their feet than anyone—once the data dropped, they grabbed their buckets and ran.
ETF funds have been pulling out for consecutive sessions, and leveraged longs are the only thing propping up the market. A short-term rebound looks weak, with a high chance of a rally fading. First, watch whether the area around 90,000 can hold. Market makers are just waiting to wick down and liquidate highly leveraged longs before picking a direction.
Bulls, is it cold up there on the rooftop while you wait in line? Drop the entry price for your longs, and tell us whether you plan to tough it out or get out first this time around with and .
$BTC $ETH $SOL