#US October Overall and Core CPI Both Exceed Expectations
I am the mid-term intelligence guy.
Today's market is a tug of war between bulls and bears, BTC and ETH are bearish, SOL ecosystem is active but hides dangers.
$BTC strong institutional consensus: BlackRock IBIT conversion demand hits record (security-driven about 3.6 billion), Kazakhstan central bank invests 100 million in crypto fund, Miami-Dade County collects BTC property tax, Square launches merchant payments with no fees. But big risks: USDT market cap shrank by 6.6 billion in 60 days, exceeding the FTX period, stablecoin retreat needs caution.
$ETH under obvious pressure: spot ETF continuous outflows (315.6 million withdrawn in seven days), foundation-related wallet sold 1,000 coins causing a 7.7% drop, inflation exceeding expectations triggered over 500 million in 4-hour liquidations (ETH longs account for 214 million), plus former employee lawsuit, short-term outlook is gloomy.
$SOL many hotspots: Helius launches privacy ring, RWA holders exceed one million, Schwab lists SOL trading, Agave v4.5 upgrade imminent. But daily yield down 33% monthly, whales hold coins on exchanges, Base's TVL surpasses, down 36% year-to-date.
Mid-term intelligence guy reminds: macro interest rate hike expectations are heating up, frequent leveraged liquidations, guard your positions and wait for opportunities, don’t get washed out by volatility.
I am the mid-term intelligence guy.
Today's market is a tug of war between bulls and bears, BTC and ETH are bearish, SOL ecosystem is active but hides dangers.
$BTC strong institutional consensus: BlackRock IBIT conversion demand hits record (security-driven about 3.6 billion), Kazakhstan central bank invests 100 million in crypto fund, Miami-Dade County collects BTC property tax, Square launches merchant payments with no fees. But big risks: USDT market cap shrank by 6.6 billion in 60 days, exceeding the FTX period, stablecoin retreat needs caution.
$ETH under obvious pressure: spot ETF continuous outflows (315.6 million withdrawn in seven days), foundation-related wallet sold 1,000 coins causing a 7.7% drop, inflation exceeding expectations triggered over 500 million in 4-hour liquidations (ETH longs account for 214 million), plus former employee lawsuit, short-term outlook is gloomy.
$SOL many hotspots: Helius launches privacy ring, RWA holders exceed one million, Schwab lists SOL trading, Agave v4.5 upgrade imminent. But daily yield down 33% monthly, whales hold coins on exchanges, Base's TVL surpasses, down 36% year-to-date.
Mid-term intelligence guy reminds: macro interest rate hike expectations are heating up, frequent leveraged liquidations, guard your positions and wait for opportunities, don’t get washed out by volatility.