đš $BTC BITCOIN PRICE TODAY BELOW $81,000 â LIVE MARKET UPDATE! đ
$BTC Bitcoin is trading near $80,800 as hotter-than-expected U.S. inflation data triggers fresh selling pressure across the crypto market. But surprisingly, expert sentiment remains highly bullish despite the recent decline. đ
đ 1. Bitcoin Sentiment Remains Bullish
According to the provided report, CryptoQuant data shows that 84% of 164 tracked market experts are bullish on BTC, up from 37% in July. This strong optimism contrasts with Bitcoin's recent price weakness.
â ïž 2. $ETH Ethereum Faces Heavy Liquidations
More than $106 million in ETH long positions were reportedly liquidated on Binance within one hour after the inflation report. ETH also fell from around $2,500 toward $2,350, highlighting the risks of leveraged trading.
đșđž 3. Hotter CPI Raises Fed Concerns
September CPI reportedly increased by 0.6% month over month, above the 0.5% forecast. Expectations of a potential Fed rate hike have risen, putting additional pressure on risk assets.
đ 4. Traditional Markets Show Warning Signs
SPY trading volume reportedly fell to 22.6 million shares in the previous Friday session. Meanwhile, weakness in South Korea's KOSPI added to broader risk-off sentiment.
đ What Happens Next?
Bitcoin could experience further volatility as traders watch inflation data, Federal Reserve signals, liquidation levels, and key BTC support zones. Strong bullish sentiment may support dip-buying, but crowded long positions can also increase downside risk.
đŹ Your Opinion: Is BTC preparing for a strong recovery, or could we see another drop before the next rally?
#BTC #ETH #CPIWatch #SouthKoreaPlansTighterCybersecurityRules #TradersBetOnThreeMoreFedHikes
$BTC Bitcoin is trading near $80,800 as hotter-than-expected U.S. inflation data triggers fresh selling pressure across the crypto market. But surprisingly, expert sentiment remains highly bullish despite the recent decline. đ
đ 1. Bitcoin Sentiment Remains Bullish
According to the provided report, CryptoQuant data shows that 84% of 164 tracked market experts are bullish on BTC, up from 37% in July. This strong optimism contrasts with Bitcoin's recent price weakness.
â ïž 2. $ETH Ethereum Faces Heavy Liquidations
More than $106 million in ETH long positions were reportedly liquidated on Binance within one hour after the inflation report. ETH also fell from around $2,500 toward $2,350, highlighting the risks of leveraged trading.
đșđž 3. Hotter CPI Raises Fed Concerns
September CPI reportedly increased by 0.6% month over month, above the 0.5% forecast. Expectations of a potential Fed rate hike have risen, putting additional pressure on risk assets.
đ 4. Traditional Markets Show Warning Signs
SPY trading volume reportedly fell to 22.6 million shares in the previous Friday session. Meanwhile, weakness in South Korea's KOSPI added to broader risk-off sentiment.
đ What Happens Next?
Bitcoin could experience further volatility as traders watch inflation data, Federal Reserve signals, liquidation levels, and key BTC support zones. Strong bullish sentiment may support dip-buying, but crowded long positions can also increase downside risk.
đŹ Your Opinion: Is BTC preparing for a strong recovery, or could we see another drop before the next rally?
#BTC #ETH #CPIWatch #SouthKoreaPlansTighterCybersecurityRules #TradersBetOnThreeMoreFedHikes