Bitcoin Below $70K: PPI Cools, but Flows Have Yet to Spill Over Into Crypto
CoinTelegraph reported on 13/11/2026 that Bitcoin remained below $70,000 while stocks declined, despite cooling U.S. PPI data. This analysis examines the conditions under which the macro-to-crypto transmission channel loses its effectiveness.
Confirmed events and data
CoinTelegraph (13/11/2026, 16:39 UTC) noted that Bitcoin remained below $70,000 as U.S. stocks declined, despite a cooler U.S. PPI reading. The 1h RSI was 35 and the 4h RSI was 24—low levels indicating weak momentum. BTC funding was slightly positive at 0.0042, meaning longs were still paying shorts, but only modestly.
Macro → crypto transmission channel
The standard argument is that cooling PPI eases inflationary pressure and lowers interest rate expectations, thereby supporting risk assets, including crypto. Price structure based on Binance data shows a downtrend, with a confidence reading of 60 from the 4h Supertrend. This is where the inference has its limits: a single PPI reading does not automatically bring flows into crypto if stocks are not leading and investors have yet to confirm an easing trend…
Contrary scenario: If flows do not spill over into crypto, or the news was already priced in, the transmission channel no longer works.
Sources: CoinTelegraph (23:39 13-11) · Binance Futures (17:10 14-11)
This is educational technical analysis, not investment advice. Cryptocurrency trading involves significant risk, and you could lose all your capital. Do your own research and take responsibility for your decisions.
#Binance #Crypto #Futures
CoinTelegraph reported on 13/11/2026 that Bitcoin remained below $70,000 while stocks declined, despite cooling U.S. PPI data. This analysis examines the conditions under which the macro-to-crypto transmission channel loses its effectiveness.
Confirmed events and data
CoinTelegraph (13/11/2026, 16:39 UTC) noted that Bitcoin remained below $70,000 as U.S. stocks declined, despite a cooler U.S. PPI reading. The 1h RSI was 35 and the 4h RSI was 24—low levels indicating weak momentum. BTC funding was slightly positive at 0.0042, meaning longs were still paying shorts, but only modestly.
Macro → crypto transmission channel
The standard argument is that cooling PPI eases inflationary pressure and lowers interest rate expectations, thereby supporting risk assets, including crypto. Price structure based on Binance data shows a downtrend, with a confidence reading of 60 from the 4h Supertrend. This is where the inference has its limits: a single PPI reading does not automatically bring flows into crypto if stocks are not leading and investors have yet to confirm an easing trend…
Contrary scenario: If flows do not spill over into crypto, or the news was already priced in, the transmission channel no longer works.
Sources: CoinTelegraph (23:39 13-11) · Binance Futures (17:10 14-11)
This is educational technical analysis, not investment advice. Cryptocurrency trading involves significant risk, and you could lose all your capital. Do your own research and take responsibility for your decisions.
#Binance #Crypto #Futures
