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11.11 Deep Dive | CPI Runs Hot, BTC Hits Its Lowest Since August, but These On-Chain Signals Were Overlooked ๐
U.S. October CPI came in well above expectations overnight: headline inflation rose 0.4% and core inflation 0.3% month over month, both exceeding forecasts. The probability of a Fed rate hike in December surged to 86%, with even a 50-basis-point hike being discussed. Risk assets plunged across the board: $BTC fell below $73,000, its lowest since August; spot gold dropped 2.6% to $4,033 per ounce; and the 2-year U.S. Treasury yield surged 17 bps.
Amid the panic, three structural positives are worth noting:
๐น Trump Media added 1,510 $BTC in the third quarter, worth approximately $112 million;
๐น Aave DAO passed the Babylon native $BTC collateral proposal with 100% approval, enabling borrowing at 78% LTV without wrapped cross-chain assets;
๐น The tokenized stock market grew nearly 10-fold in a year, from $485 million to $4.82 billion, while Visa also expanded its stablecoin settlement network to support weekend trading.
Macroeconomics drives short-term volatility; fundamentals define long-term valueโthe windows of panic are often windows for observation.
NFA | DYOR
#ๆฏ็นๅธ #็พ่ๅจๅ ๆฏ #Aave #RWA #CryptoMarket
U.S. October CPI came in well above expectations overnight: headline inflation rose 0.4% and core inflation 0.3% month over month, both exceeding forecasts. The probability of a Fed rate hike in December surged to 86%, with even a 50-basis-point hike being discussed. Risk assets plunged across the board: $BTC fell below $73,000, its lowest since August; spot gold dropped 2.6% to $4,033 per ounce; and the 2-year U.S. Treasury yield surged 17 bps.
Amid the panic, three structural positives are worth noting:
๐น Trump Media added 1,510 $BTC in the third quarter, worth approximately $112 million;
๐น Aave DAO passed the Babylon native $BTC collateral proposal with 100% approval, enabling borrowing at 78% LTV without wrapped cross-chain assets;
๐น The tokenized stock market grew nearly 10-fold in a year, from $485 million to $4.82 billion, while Visa also expanded its stablecoin settlement network to support weekend trading.
Macroeconomics drives short-term volatility; fundamentals define long-term valueโthe windows of panic are often windows for observation.
NFA | DYOR
#ๆฏ็นๅธ #็พ่ๅจๅ ๆฏ #Aave #RWA #CryptoMarket