CPI shock hit crypto — but some alts didn't care 👀
1️⃣ $BTC tagged a 3-month low 📉
Hotter-than-expected US inflation sent BTC down to $72,727 — lowest since August. It's back near $74,000 now, but sitting right between two key levels: $73K (August low) and $75K.
Lose $72.7K → $70K comes into play.
2️⃣ Longs got wiped 💥
~$724M in crypto positions were liquidated in 24h — about 4 out of 5 were LONGS. Leverage is still being flushed out.
BTC dominance is up to ~61% → money is hiding in BTC.
3️⃣ But these alts bounced harder than BTC 🟢
$ICP +7.6%
$XLM +6.8%
$FET +5.6%
$NEAR +5.2% (with $90M+ volume 🔥)
$AVAX +4.7%
$SOL +3.1%
BTC? Only +1.1%.
🔻 And the losers:
$ZEC −9.2% — biggest dump, with $230M+ volume (more than SOL!)
$PEPE −5.3% — pumped to 0.00000552 then got slammed
$UNI −3.9%
⏰ What's next:
Markets now price a bigger Fed rate hike in December. 10Y Treasury yield is above 5%. Friday's PPI data is the next big test.
Fear & Greed: 29 (Fear) 😨
My take: Alts bouncing while BTC sits at a 3-month low = relief bounce, not a trend change yet. Don't over-leverage into Friday.
Which coin are you watching — $NEAR or $ICP? 👇
#CPI #Bitcoin #Altcoins #CryptoNews #BinanceSquare
1️⃣ $BTC tagged a 3-month low 📉
Hotter-than-expected US inflation sent BTC down to $72,727 — lowest since August. It's back near $74,000 now, but sitting right between two key levels: $73K (August low) and $75K.
Lose $72.7K → $70K comes into play.
2️⃣ Longs got wiped 💥
~$724M in crypto positions were liquidated in 24h — about 4 out of 5 were LONGS. Leverage is still being flushed out.
BTC dominance is up to ~61% → money is hiding in BTC.
3️⃣ But these alts bounced harder than BTC 🟢
$ICP +7.6%
$XLM +6.8%
$FET +5.6%
$NEAR +5.2% (with $90M+ volume 🔥)
$AVAX +4.7%
$SOL +3.1%
BTC? Only +1.1%.
🔻 And the losers:
$ZEC −9.2% — biggest dump, with $230M+ volume (more than SOL!)
$PEPE −5.3% — pumped to 0.00000552 then got slammed
$UNI −3.9%
⏰ What's next:
Markets now price a bigger Fed rate hike in December. 10Y Treasury yield is above 5%. Friday's PPI data is the next big test.
Fear & Greed: 29 (Fear) 😨
My take: Alts bouncing while BTC sits at a 3-month low = relief bounce, not a trend change yet. Don't over-leverage into Friday.
Which coin are you watching — $NEAR or $ICP? 👇
#CPI #Bitcoin #Altcoins #CryptoNews #BinanceSquare
