Tap the live BTC and ETH tags below to verify current order book depth.

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🌐 CRYPTO ASSETS

$BTC is near $80,900, down about 3% over 24 hours and trading below $81,000, with $80,000 as the next support level. $ETH is near $2,360, down about 6% over 24 hours as selling pressure intensifies across major crypto assets.

About $900 million to $1 billion in liquidations occurred over 24 hours, with about 90% involving long positions. Spot $BTC and $ETH ETFs also recorded outflows around the CPI release, adding pressure as traders reassess risk exposure.

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🛢️ ENERGY VECTORS

WTI crude is near $95, while Brent remains above $100 as shipping risks around the Strait of Hormuz keep energy markets on alert. Elevated oil prices continue to raise concerns about persistent inflation and tighter financial conditions.

Energy costs are a major driver in both inflation reports, with gasoline up 9.1% on the month and 34.2% on the year. These increases complicate the outlook for inflation-sensitive assets as markets approach the next Federal Reserve meeting.

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🏦 FEDERAL RESERVE

September PPI rose 1.3% on the month, its biggest gain since March 2022, versus a 0.6% forecast, and climbed 6.3% on the year versus 5.5% expected. Core PPI rose 0.7% against 0.3% expected, while September CPI came in at 3.7% versus a 3.6% forecast.

The 10-year Treasury yield fell about 13 basis points to about 5.05% as Treasuries drew safe-haven demand. CME FedWatch shows about 29% to 34% odds of an October hike and about 91% odds of at least one hike by December, ahead of the Oct 27 to 28 Fed meeting and Fed Chair Warsh's Friday remarks.

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📊 TRADER CAPITAL TEST

Does staying defensive with cash and short-duration exposure ahead of the Fed meeting offer better protection?

Or can $BTC and $ETH hold above $80,000 as traders navigate liquidation pressure and rate uncertainty?

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💬 Risk-on or risk-off?

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