PPI is out, so why is $BTC still falling? Don’t rush to buy the dip—I don’t think we’ve reached a genuine reversal yet.
First, let’s look at the data. U.S. PPI rose 6.5% year over year in October, below the 6.6% forecast but above the previous reading of 6.3%. Month over month, it rose 0.3%, also below the 0.4% forecast.
Taken at face value, the data looks positive: inflationary pressure has eased somewhat. But better-than-expected data doesn’t mean money will immediately flow back into the crypto market.
The market reaction this time was pretty clear: Bitcoin fell to a low near 68,943, and more than $1 billion in long positions were liquidated. That shows the market is still quite fragile—a little selling pressure can easily trigger a cascade of liquidations.
Why is $BTC still falling when the data wasn’t that bad?
My take is that the market is no longer trading on this PPI report alone. It’s also worried about future interest rates, ETF flows, and overall liquidity. The outlook for Fed policy remains uncertain, ETF funds haven’t consistently flowed back in, and leveraged longs have just been flushed out again. Naturally, it’s hard for the market to turn around quickly in the short term.
The level I’m watching most closely next is around 73,200. Whether the rebound can recover further depends on this level. If the price can’t reclaim it, then in my view, the current rise looks more like a bounce during a downtrend than a confirmed trend reversal.
So I’m not going to blindly buy the dip just because one PPI report came in better than expected. First, I’ll see whether money flows back in, then whether the price can hold above key levels.
Remember, a rebound isn’t the same as a reversal. Do you think $BTC can get back above 73,200, or will it keep falling to look for support?
#美国PPI年率6.5%，低于预期或缓解BTC压力
First, let’s look at the data. U.S. PPI rose 6.5% year over year in October, below the 6.6% forecast but above the previous reading of 6.3%. Month over month, it rose 0.3%, also below the 0.4% forecast.
Taken at face value, the data looks positive: inflationary pressure has eased somewhat. But better-than-expected data doesn’t mean money will immediately flow back into the crypto market.
The market reaction this time was pretty clear: Bitcoin fell to a low near 68,943, and more than $1 billion in long positions were liquidated. That shows the market is still quite fragile—a little selling pressure can easily trigger a cascade of liquidations.
Why is $BTC still falling when the data wasn’t that bad?
My take is that the market is no longer trading on this PPI report alone. It’s also worried about future interest rates, ETF flows, and overall liquidity. The outlook for Fed policy remains uncertain, ETF funds haven’t consistently flowed back in, and leveraged longs have just been flushed out again. Naturally, it’s hard for the market to turn around quickly in the short term.
The level I’m watching most closely next is around 73,200. Whether the rebound can recover further depends on this level. If the price can’t reclaim it, then in my view, the current rise looks more like a bounce during a downtrend than a confirmed trend reversal.
So I’m not going to blindly buy the dip just because one PPI report came in better than expected. First, I’ll see whether money flows back in, then whether the price can hold above key levels.
Remember, a rebound isn’t the same as a reversal. Do you think $BTC can get back above 73,200, or will it keep falling to look for support?
#美国PPI年率6.5%，低于预期或缓解BTC压力
