Have you noticed that crypto still acts shocked every time inflation comes in hot?
Nearly $1B in leveraged positions got liquidated over the past 24 hours as $BTC fell toward $81K. Overleveraged traders keep repeating the same mistake and paying for it with their accounts.
September CPI rose 3.7% year over year, slightly above expectations, and core inflation came in hotter too. That put another Fed rate hike back on the table and pushed $ETH down more than 6% along with the broader market. The selloff in risk assets was the predictable first response.
Most people will treat this as a reason to panic or go all in on the dip. Both are usually wrong. The data was on the calendar. If you walk into CPI with max leverage you are choosing to be the one who gets liquidated. Scale down before the print, know your invalidation, and wait for the market to show you the next structure instead of guessing in the middle of the dump.
How are you handling the next round of macro data?
#Bitcoin #CPI #Crypto
Nearly $1B in leveraged positions got liquidated over the past 24 hours as $BTC fell toward $81K. Overleveraged traders keep repeating the same mistake and paying for it with their accounts.
September CPI rose 3.7% year over year, slightly above expectations, and core inflation came in hotter too. That put another Fed rate hike back on the table and pushed $ETH down more than 6% along with the broader market. The selloff in risk assets was the predictable first response.
Most people will treat this as a reason to panic or go all in on the dip. Both are usually wrong. The data was on the calendar. If you walk into CPI with max leverage you are choosing to be the one who gets liquidated. Scale down before the print, know your invalidation, and wait for the market to show you the next structure instead of guessing in the middle of the dump.
How are you handling the next round of macro data?
#Bitcoin #CPI #Crypto