Bitcoin barely flinches at hot CPI 📊
U.S. inflation (CPI) data just came in hotter than expected, but $BTC 's reaction was fairly muted, with no sharp jolt like many had feared.
According to CoinDesk, one notable point is that selling pressure from ETFs is slowing. Previously, outflows from ETFs often put significant pressure on prices, so the slowdown in selling could ease some of the strain on the market.
For traders, these two signals suggest the market is digesting macroeconomic news better than usual. Still, hot CPI could affect interest rate expectations, so it’s worth keeping a close eye on what happens next. (Not investment advice)
Do you think $BTC is genuinely more resilient, or has the market simply not fully reacted to these CPI figures yet?
#hoangducinvest #Bitcoin #Crypto
Source: CoinDesk
U.S. inflation (CPI) data just came in hotter than expected, but $BTC 's reaction was fairly muted, with no sharp jolt like many had feared.
According to CoinDesk, one notable point is that selling pressure from ETFs is slowing. Previously, outflows from ETFs often put significant pressure on prices, so the slowdown in selling could ease some of the strain on the market.
For traders, these two signals suggest the market is digesting macroeconomic news better than usual. Still, hot CPI could affect interest rate expectations, so it’s worth keeping a close eye on what happens next. (Not investment advice)
Do you think $BTC is genuinely more resilient, or has the market simply not fully reacted to these CPI figures yet?
#hoangducinvest #Bitcoin #Crypto
Source: CoinDesk