Bitcoin slipped under $73,000 tonight, about two hours after the hotter US CPI print (core 0.3% vs 0.2% expected).
On Binance the 9pm IST candle wicked to $72,866 before bouncing to around $73,250 now. Per Watcher Guru, roughly $200M of longs were liquidated in 15 minutes, and Lookonchain shows spot ETFs lost $228M in $BTC and $138M in $ETH on the latest daily print. ETH tagged $2,006 on the day.
My take: this is the hot-CPI path I flagged earlier today, and the $73,000 area is now doing the work. A daily close back above $74,000 by Thursday would make this look like a flush. A daily close under $72,800 opens room toward $71,000 and lower. Fear & Greed sits at 32, so sentiment is already shaky.
#Bitcoin #CPI #CryptoMarket
NFA
On Binance the 9pm IST candle wicked to $72,866 before bouncing to around $73,250 now. Per Watcher Guru, roughly $200M of longs were liquidated in 15 minutes, and Lookonchain shows spot ETFs lost $228M in $BTC and $138M in $ETH on the latest daily print. ETH tagged $2,006 on the day.
My take: this is the hot-CPI path I flagged earlier today, and the $73,000 area is now doing the work. A daily close back above $74,000 by Thursday would make this look like a flush. A daily close under $72,800 opens room toward $71,000 and lower. Fear & Greed sits at 32, so sentiment is already shaky.
#Bitcoin #CPI #CryptoMarket
NFA
