The PPI miss was supposed to ease the pressure on Bitcoin. It did, for about an hour. October PPI came in at 0.3% instead of 0.4%, Bitcoin ripped past $70,200 in minutes and $39 million in shorts got liquidated in one hour. One trader had opened a $52 million short with 40x leverage just 50 minutes before the print. Then the whole move faded, because the yearly number was still 6.5%, the highest since November 2022, and December hike odds are sitting near 89%. Now BTC is back around $67,100, under its 200-week average, ETFs just logged a seventh straight day of outflows, and the fear index is deep in extreme fear. So the miss helped, but it did not change anything that actually matters. What would it take for you to call this a real bottom, a reclaim of $70k or something else entirely? #USPPIMissMayEaseBTCPressure $BTC #BinancePick