Hot CPI just rattled crypto 🚨
October inflation came in hotter than expected: +0.4% headline, +0.3% core. That's the third upside surprise in a row.
Bank of America says it "opens the door" to a 50bp Fed hike in December. Its base case is still 25bp, but the Fed may be "falling behind the curve."
The market reaction: 📉 BTC slipped below $73K 💥 About $700M in liquidations, mostly longs 🏦 Spot BTC ETFs saw roughly $1–1.5B in outflows 😨 Sentiment is in "fear," and BTC dominance is above 60%
Odds now: A December hike is priced as near certain. Roughly 10–15% of is for a 50bp move.
Watch next that: 👀 Core PCE 👀 The December jobs report 👀 Treasury yields near 5% 👀 ETF flows
Bottom line: Crypto is trading on rate-hike expectations. Cooler data and steadier ETF flows could calm things down. More hot prints and more outflows could mean a bumpier December. 🎢
Not financial advice. DYOR.
#bitcoin #Crypto #CPI数据 I #Fed #BTC
October inflation came in hotter than expected: +0.4% headline, +0.3% core. That's the third upside surprise in a row.
Bank of America says it "opens the door" to a 50bp Fed hike in December. Its base case is still 25bp, but the Fed may be "falling behind the curve."
The market reaction: 📉 BTC slipped below $73K 💥 About $700M in liquidations, mostly longs 🏦 Spot BTC ETFs saw roughly $1–1.5B in outflows 😨 Sentiment is in "fear," and BTC dominance is above 60%
Odds now: A December hike is priced as near certain. Roughly 10–15% of is for a 50bp move.
Watch next that: 👀 Core PCE 👀 The December jobs report 👀 Treasury yields near 5% 👀 ETF flows
Bottom line: Crypto is trading on rate-hike expectations. Cooler data and steadier ETF flows could calm things down. More hot prints and more outflows could mean a bumpier December. 🎢
Not financial advice. DYOR.
#bitcoin #Crypto #CPI数据 I #Fed #BTC