After last night’s CPI release, about $178 million in long positions were liquidated within an hour, and $BTC briefly plunged to 73,525.
1️⃣ October CPI rose 0.4% month over month (vs. 0.3% expected), while core CPI rose 0.3% (vs. 0.2% expected)
2️⃣ CME puts the odds of a 25-basis-point rate hike in December at 88%, and a 50-basis-point hike at 11% (up from 0 a week ago)
3️⃣ Last week, U.S. spot BTC ETFs saw net outflows of about $1.28 billion, and $ETH also fell to around 2,050
I’m trading spot with a small 40U account, no leverage. I wasn’t liquidated and didn’t add to my positions. When rate expectations move higher, leverage is the first to get into trouble.
Are you reducing leverage now, or continuing to hold spot?
#CPI #Binance Square
Not investment advice
1️⃣ October CPI rose 0.4% month over month (vs. 0.3% expected), while core CPI rose 0.3% (vs. 0.2% expected)
2️⃣ CME puts the odds of a 25-basis-point rate hike in December at 88%, and a 50-basis-point hike at 11% (up from 0 a week ago)
3️⃣ Last week, U.S. spot BTC ETFs saw net outflows of about $1.28 billion, and $ETH also fell to around 2,050
I’m trading spot with a small 40U account, no leverage. I wasn’t liquidated and didn’t add to my positions. When rate expectations move higher, leverage is the first to get into trouble.
Are you reducing leverage now, or continuing to hold spot?
#CPI #Binance Square
Not investment advice
