📊 Data Watch｜Hotter-than-expected CPI sparks selloff; Bitcoin holds the $73,000 level
Over the past 24 hours, markets took their cue from an inflation report: U.S. core CPI rose 0.3% month over month in October, above the expected 0.2%. Expectations of a December Fed rate hike grew, putting pressure on risk assets across the board. Bitcoin briefly fell below $74,000, hitting a low of $72,691 overnight, before recovering above $73,000.
💰 Live prices (CoinGecko)
$BTC: $73,588, +0.05% over 24 hours
$ETH: $2,047, -0.28% over 24 hours
BNB: $677, -0.43% over 24 hours
SOL: $83, -0.23% over 24 hours
All four major coins saw their 24-hour moves narrow to within ±0.5%, as the market entered a short-term tug-of-war with neither side gaining ground.
📉 Fund flows
• Spot ETFs: Bitcoin ETFs saw net outflows of $201 million in a single day, while Ethereum ETFs had net outflows of $185 million, for a combined total of about $386 million. Institutions are retreating in the short term.
• Liquidations: More than $700 million in positions were liquidated across the market over 24 hours, including about $580 million in long positions. Leveraged longs were the main “fuel” for this decline.
• Key levels: Bitcoin support at $73,100–$73,500, resistance at $75,600–$76,400; Ethereum support at $2,030–$2,050, resistance at $2,100–$2,150.
🔍 How to read these figures
Prices have stabilized, but funds are still flowing out, suggesting this correction has yet to find support from dip buyers. After long positions were flushed out, a genuine sign of stabilization would be ETF outflows stopping and Bitcoin reclaiming the $75,600 resistance level. Conversely, if support at $73,100 gives way, the next level to watch is the round-number mark of $72,000.
Do you think this was a “fakeout” triggered by CPI, or the start of a new correction? Share your take in the comments 👇
#比特币 #以太坊 #CPI #数据追踪
⚠️ Personal opinion only. DYOR and be mindful of the risks.
Over the past 24 hours, markets took their cue from an inflation report: U.S. core CPI rose 0.3% month over month in October, above the expected 0.2%. Expectations of a December Fed rate hike grew, putting pressure on risk assets across the board. Bitcoin briefly fell below $74,000, hitting a low of $72,691 overnight, before recovering above $73,000.
💰 Live prices (CoinGecko)
$BTC: $73,588, +0.05% over 24 hours
$ETH: $2,047, -0.28% over 24 hours
BNB: $677, -0.43% over 24 hours
SOL: $83, -0.23% over 24 hours
All four major coins saw their 24-hour moves narrow to within ±0.5%, as the market entered a short-term tug-of-war with neither side gaining ground.
📉 Fund flows
• Spot ETFs: Bitcoin ETFs saw net outflows of $201 million in a single day, while Ethereum ETFs had net outflows of $185 million, for a combined total of about $386 million. Institutions are retreating in the short term.
• Liquidations: More than $700 million in positions were liquidated across the market over 24 hours, including about $580 million in long positions. Leveraged longs were the main “fuel” for this decline.
• Key levels: Bitcoin support at $73,100–$73,500, resistance at $75,600–$76,400; Ethereum support at $2,030–$2,050, resistance at $2,100–$2,150.
🔍 How to read these figures
Prices have stabilized, but funds are still flowing out, suggesting this correction has yet to find support from dip buyers. After long positions were flushed out, a genuine sign of stabilization would be ETF outflows stopping and Bitcoin reclaiming the $75,600 resistance level. Conversely, if support at $73,100 gives way, the next level to watch is the round-number mark of $72,000.
Do you think this was a “fakeout” triggered by CPI, or the start of a new correction? Share your take in the comments 👇
#比特币 #以太坊 #CPI #数据追踪
⚠️ Personal opinion only. DYOR and be mindful of the risks.