PPI came in below expectations, but does that mean $BTC is in the clear? Don’t rush to call the bull market back~
Here’s the main point: the data was bullish, but Bitcoin didn’t rise—instead, it fell below 70,000~
US October PPI was up 6.5% year over year, versus 6.6% expected and 6.3% previously; month over month, it was up 0.3%, versus 0.4% expected.
Both figures came in below expectations, so traders immediately lowered their expectations for Fed tightening. By textbook logic, that should be good news for risk assets. But $BTC wasn’t buying it…
After the data came out, Bitcoin plunged to a low of 68,943, with 1.088 billion in long positions liquidated.
Why did prices fall despite the bullish news?
Because cooler PPI doesn’t mean money will immediately flow back into crypto~
Bitcoin is now watching three things: whether the dollar stays strong, whether ETFs see real inflows, and whether leveraged longs have been cleared out. If even one of these is missing, any rebound could easily be a one-day wonder~
The market isn’t trading on this PPI report alone, but on the macro pressures that have built up over the past week. Hot CPI pushed December rate-hike expectations above 80%, the dollar is strong, and ETF funds have seen continued outflows~
PPI coming in below expectations merely gave the stock market a breather. But crypto’s leveraged longs had already been crushed by the earlier pressure. Last night’s drop was essentially a final wave of forced selling as leverage unwound—not a sell-off triggered by fresh bad news, but old longs who couldn’t hold on getting wiped out…
The most dangerous move right now is seeing the words “below expectations” and rushing in to buy the dip~
I think there’s one key level to watch: can $BTC reclaim 73,200? That’s around the 200-day moving average. If it can’t get back above it, any rebound is just a recovery, not a trend reversal…
#美国PPI年率6.5%，低于预期或缓解BTC压力
Here’s the main point: the data was bullish, but Bitcoin didn’t rise—instead, it fell below 70,000~
US October PPI was up 6.5% year over year, versus 6.6% expected and 6.3% previously; month over month, it was up 0.3%, versus 0.4% expected.
Both figures came in below expectations, so traders immediately lowered their expectations for Fed tightening. By textbook logic, that should be good news for risk assets. But $BTC wasn’t buying it…
After the data came out, Bitcoin plunged to a low of 68,943, with 1.088 billion in long positions liquidated.
Why did prices fall despite the bullish news?
Because cooler PPI doesn’t mean money will immediately flow back into crypto~
Bitcoin is now watching three things: whether the dollar stays strong, whether ETFs see real inflows, and whether leveraged longs have been cleared out. If even one of these is missing, any rebound could easily be a one-day wonder~
The market isn’t trading on this PPI report alone, but on the macro pressures that have built up over the past week. Hot CPI pushed December rate-hike expectations above 80%, the dollar is strong, and ETF funds have seen continued outflows~
PPI coming in below expectations merely gave the stock market a breather. But crypto’s leveraged longs had already been crushed by the earlier pressure. Last night’s drop was essentially a final wave of forced selling as leverage unwound—not a sell-off triggered by fresh bad news, but old longs who couldn’t hold on getting wiped out…
The most dangerous move right now is seeing the words “below expectations” and rushing in to buy the dip~
I think there’s one key level to watch: can $BTC reclaim 73,200? That’s around the 200-day moving average. If it can’t get back above it, any rebound is just a recovery, not a trend reversal…
#美国PPI年率6.5%，低于预期或缓解BTC压力
