Why $BTC dumped to $80k yesterday:
Hotter-than-expected CPI data crushed risk assets across the board. Fed pivot dreams? Dead.
The damage:
• September CPI: 3.7% YoY
• Gasoline: +9.1%
• $BTC ETF outflows: $261.46M
• $ETH ETF outflows: $129.5M
• Total crypto liquidations: ~$1B
Risk-off mode activated. Leveraged positions got wrecked. Macro still controls this market.
Next catalyst: upcoming inflation prints and Fed's next rate decision. Until then, volatility stays high.
Are we bouncing from here or heading lower? Watch liquidity and funding rates.
Hotter-than-expected CPI data crushed risk assets across the board. Fed pivot dreams? Dead.
The damage:
• September CPI: 3.7% YoY
• Gasoline: +9.1%
• $BTC ETF outflows: $261.46M
• $ETH ETF outflows: $129.5M
• Total crypto liquidations: ~$1B
Risk-off mode activated. Leveraged positions got wrecked. Macro still controls this market.
Next catalyst: upcoming inflation prints and Fed's next rate decision. Until then, volatility stays high.
Are we bouncing from here or heading lower? Watch liquidity and funding rates.