Stink meaner
đš The panic over Federal Reserve rate hikes has subsided, yet Bitcoin remains unable to break back above $81K.
#cpiwatch
Annual September CPI printed at 3.7%, with core inflation hitting 2.6%âboth figures topping forecasts. Initially, markets priced in nearly a 50% chance of a rate hike in October. However, sentiment quickly shifted. By late Wednesday, CME FedWatch data indicated the probability dropped to approximately 26%, while Reuters reported it dipping under 25%.
So why does BTC continue facing headwinds? Another major factor is at play: U.S. spot Bitcoin ETFs posted $150.5M in net outflows on October 14, coming right after $175.7M in net inflows the prior day. Markets are currently balancing multiple forcesâinflation data, interest rates, institutional capital flows, and overall risk appetite. Furthermore, pricing in three rate hikes through 2027 does not guarantee they will actually happen.
My primary indicator to watch: monitor if ETF flows stabilize alongside Treasury yields, as a shift in rate sentiment alone might not suffice to spark a demand recovery. Is Bitcoin dumping because of the inflation outlook, or simply due to the lingering uncertainty around it?
Not financial advice.
$BTC ETHBZ
#CPIWatch #BTCFallsBelow $81K #TradersBetOnThreeMoreFedHikes #USSeptemberCPIRisesTo3.7%
đš The panic over Federal Reserve rate hikes has subsided, yet Bitcoin remains unable to break back above $81K.
#cpiwatch
Annual September CPI printed at 3.7%, with core inflation hitting 2.6%âboth figures topping forecasts. Initially, markets priced in nearly a 50% chance of a rate hike in October. However, sentiment quickly shifted. By late Wednesday, CME FedWatch data indicated the probability dropped to approximately 26%, while Reuters reported it dipping under 25%.
So why does BTC continue facing headwinds? Another major factor is at play: U.S. spot Bitcoin ETFs posted $150.5M in net outflows on October 14, coming right after $175.7M in net inflows the prior day. Markets are currently balancing multiple forcesâinflation data, interest rates, institutional capital flows, and overall risk appetite. Furthermore, pricing in three rate hikes through 2027 does not guarantee they will actually happen.
My primary indicator to watch: monitor if ETF flows stabilize alongside Treasury yields, as a shift in rate sentiment alone might not suffice to spark a demand recovery. Is Bitcoin dumping because of the inflation outlook, or simply due to the lingering uncertainty around it?
Not financial advice.
$BTC ETHBZ
#CPIWatch #BTCFallsBelow $81K #TradersBetOnThreeMoreFedHikes #USSeptemberCPIRisesTo3.7%