🕵️ Someone Just Bought $9M in ETH Ahead of US Inflation Data. Someone's feeling pretty confident before today's CPI report 😅 According to Lookonchain, an unidentified trader bought $9.08 million worth of Ethereum on November 9, using two wallets. The average purchase price? $2,106 per $ETH . And the timing makes this interesting. The US inflation report is scheduled for today, November 10, at 8:30 AM ET. Why does it matter? 🟢 Softer inflation: Could ease concerns about future rate hikes and support risk assets like ETH and $BTC. 🔴 Hotter inflation: Could strengthen expectations of tighter monetary policy and put more pressure on crypto. ETH has already lost around 15% over the past month, so the trader might simply be betting on a recovery. I wouldn't read too much into one large purchase, though. A $9M position doesn't mean someone knows what the CPI numbers will be. What interests me more is how $BTC and ETH react after the announcement, especially whether any initial move holds. Would you buy before a major economic release or wait for the market to react? Source: TheStreet Not financial advice. Always DYOR. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#