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#BTC现货ETF连续流出
$ETH has completely broken away from BTC this round, what's going on?
Just glanced at the market and I'm a bit stunned. $BTC rebounded from 76000 to around 79000, performing decently, which is a normal recovery after an oversell. But $ETH didn't follow, shooting up from 2405 straight to 2667, gaining over 7 points in 24 hours, breaking the previous high without looking back.
Looking through the data, there’s definitely something going on. Exchange ETH inventory dropped to 15.5 million, the lowest in years, indicating tightening supply. The ETF side is interesting too: BTC spot ETFs saw a net outflow of 280 million in a single day, while ETH also had outflows but on a much smaller scale, with funds clearly shifting towards ETH. Plus, after today's CPI data came out as expected with no surprises, risk appetite returned, and high-beta assets like ETH showed the greatest elasticity.
When BTC was consolidating before, funds were moving from BTC into ETH and the ecosystem. Now the ETH/BTC rate is directly rising, showing this is not just a follow-up rally but funds actively choosing ETH. The resistance level is directly at 2600-2700; if it holds, this move might be more than just a rebound.
ETH breaking away from BTC, funds are choosing their direction. Bauer voted against it, with the reason written in the memo: the standard for significant financial risk is unclear. The proposed third-party risk management guidelines jointly issued by the Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration are not binding and only open for public comment.
The logic of the previous round of regulation was to monitor licenses individually and investigate anyone involved with crypto. Now it has shifted to a principle-based framework that includes outsourcing and third-party relationships within the risk scope. Banks wanting to save costs by outsourcing functions have always had this option open, but no one seriously defined what constitutes "significant" before.
A more likely explanation is that this round is not about tightening but about shifting responsibility from institutions to the relationship chain. Watch whether the Federal Reserve’s final version retains the standard opposed by Bauer; if retained, it means the scope remains strict; if removed, banks will have significantly more room to outsource crypto-related functions.
#美国CPI环比加速，加息预期升温
#日银年内再加息成焦点 #CLARITY替代修正案公布，贝森特呼吁参院推进 $ETH $ZEN Did nothing, just went to the restroom, and when I came back, the K-line had already done the work for me.
Yesterday afternoon watching ZEN, the rebound near 7.229 was weak, volume didn't keep up. Every surge lacked a breath, obvious resistance above. I judged no one was catching on the way up, strong selling pressure. At that time, I suggested opening a short position, don't hesitate. Before the market fully started, I already felt something was off.
Now at 6.663, +390.09%, nailed it. This profit feels good, the rhythm was just right. The earlier hesitation was real, but the outcome is really sweet. Those in the car should have woken up laughing.
First close 80%, keep the remaining 20% at cost price for protection. If it continues to drop, let the profit run; if it rebounds, don't give the profit back. Brothers, watch your profits, don't be greedy for the last bite.
Don't lose patience in the consolidation and then try to regain dignity in a one-sided move.
Better to miss a limit-up than catch a flying knife and end up with a bloody hand.
Friends who haven't gotten on board yet, listen to me, now is not the time to rush, chasing highs easily leaves you stuck at the peak. Wait for a more comfortable position in the next round, I will notify immediately. Move only when the next signal comes out.
$SOL $BTC $BTC
Let me share my own judgment.
A truly comprehensive bull market will take at least another year.
If it starts hard at this position, then this bull market has no foundation.
If you want to push for a sharp rise and hold the space above, there must be enough thick chips at the bottom to support it.
Right now, the chips at the bottom are far from enough. Relying on the small amount of holdings retail investors have to catch it simply can't hold up.
So my view is that most likely it will continue to grind back and forth between 60,000 and 80,000, possibly for a whole year. To really start a bull market, it either needs to wash out near 30,000 first or just linger here.
Honestly, starting a bull market now is too early and too exaggerated.
It makes no sense at all.
$BTC $ETH $ZEC
#美国CPI环比加速，加息预期升温 #BTC现货ETF连续流出 The probability of a rate hike has reached 85%, yet the US stock market and BTC are still rising.
Just saw that FedWatch chart: the probability of a rate hike on September 16th meeting is directly near 85%.
During the same period, SPY, QQQ, and BTC are all moving upward, while the real downward pressure that day mainly came from oil.
After the core CPI rose 0.3% month-over-month, which was a bit hot, the market did not continue to cut risk positions; instead, it first made a "buy the dip" move.
Simply put, hawkish data does not immediately mean a continued sell-off; bears also have to acknowledge this short-term correction.
A drop in oil prices means inflation expectations can relax a bit, allowing risk assets to lift first.
I think this looks more like a short-term sentiment repair, not that the rate hike expectations have been fully priced in.
The real pricing point is next week's FOMC; chasing highs now can easily lead to mistiming.
What to do: keep positions light first, don’t mistake the rebound for trend confirmation; if oil prices rally again, US Treasury yields surge another 5%, or the meeting tone turns more hawkish, this rebound will fail.
Do you trust the "buy the dip" to continue bouncing, or do you think there will be another sell-off before the meeting?
$SPY $QQQ $BTC
#美国CPI环比加速，加息预期升温
#财报观察员：甲骨文AI云收入增121% 🚨 TONIGHT’S CPI COULD DECIDE BTC’S NEXT BIG MOVE.
I’m leaning toward a hotter-than-expected August CPI.
Why? Oil is the biggest warning sign. WTI has pushed back above $100, and historically, a sharp move in oil can feed directly into headline inflation.
#DailyOrbit AI strategy, for reference onlyLobster current price is 0.0564850, the hourly chart shows three consecutive lower shadows stuck around 0.0548 without volume selling through, indicating passive buying support below. However, the area from 0.0572 to 0.0584 is pressing against the previous two rebound highs, and there has been no active order breakthrough. The bulls have ideas but lack a volume explosion.
Just parked the electric bike under the shade, eyes never left the phone screen. The naked K chart path is very clear: a pullback without breaking 0.0548 is a low-buy window. You can place staggered buy orders from 0.0552 to 0.0558, with a stop loss at 0.0534; if it breaks below, admit the mistake. The upside target is first 0.0598, at which point you must reduce positions, then watch 0.0625.
If it directly breaks above 0.0584 with volume, I will follow the trend to buy in, with stop loss also below 0.0564. Currently, the chip structure is biased bullish, but it’s not yet a point to chase highs; waiting for a pullback is safest.
$Lobster
#加密财库分化：买币还是回购？
@OKX星球 ZEC current price is 1,203, a 24H high, with a turnover of 96.11 million U. From the 2024 low, +6,300%, and from 494 on 8/17, a three-week increase of 2.4 times.
Three sources of funds: Grayscale Privacy Coin ETF AUM exceeding $500 million; Increased token concentration (circulating market thinner market); Perpetual funding rate -0.0052%—Bears are still paying and fueling the rise.
But F2Pool's Wang Chun publicly criticized ZEC for being "unworthy of its position," recounting its dark history and questioning the fairness of the price increase.
Last week I wrote on DASH that 75 was settled, 75 didn't come, today it's 58.78. In the same week, ZEC rose from 1,015 to 1,208—the same sector, with a 39 percentage point gap between the leader and the follower. The narrative can only accommodate one king.
At the FOMC meeting on the 15th–16th next week, the PPI has pushed the probability of a rate hike to about 70%.
I won't chase 1,200. Only two conditions are waiting: a pullback to 1,054/1,000 stabilizing, or a volume increase breaking through 1,298 to hold steady.
Is ZEC the Bitcoin of 2013, or a bubble that doesn't match its position? 1,200 Do you dare to chase #USCPI accelerates month-on-month, rate hike expectations heat up ETH Latest Trend
Currently, ETH remains in a high-level consolidation phase following a strong rebound. In early September, ETH rose about 37% within approximately 10 days, reaching a high of $2,564; Reuters' technical analysis suggests that the current consolidation pattern still resembles a "bullish flag".
I will focus on these key levels:
$2,480–2,520: Short-term breakout zone; if it stabilizes above this, it is likely to challenge previous highs.
Around $2,560: Previous high point; breaking through this will further open up bullish potential.
$2,350–2,360: Critical support level; breaking below here would clearly weaken the current bullish structure.
If a subsequent breakout is confirmed as strong, the technical target could be around $3,040–3,060, which was a significant resistance area before.
Short-term conclusion: Slightly bullish, but this is no longer a low-level zone for reckless chasing of gains. If ETH can break above the previous high with volume, the market may accelerate further; if it fails to break higher, it is more likely to continue oscillating at high levels.
Additionally, oil prices and U.S. Treasury yields remain relatively high, and the macro environment is not very friendly to risk assets, so whether ETH can maintain strength under these conditions is a very important observation point going forward.
The above is market analysis and does not constitute investment advice. Tonight's CPI: Don't guess yet, just survive first
BTC slid from 80,000 to 76,600, ETH dropped below 2,500, SOL lost 100. The real risk is not a continued drop, but a sudden reversal with a long bullish candle after the data is released. Core PPI was 0.3% below expectations, but the year-on-year 5.4% hit the highest since 2026, and the September rate hike probability rose from 60% to 70%. So tonight, play according to three scenarios:
A｜Core CPI ≤ 0.1%
Tightening cools down. BTC will first test 78,500–79,000; only breaking through 80,500 opens the upside; ETH 2,525–2,560; SOL 107–110. You can try on pullbacks, but don’t chase on rallies.
B｜Core CPI = 0.2% (most likely)
Core inflation didn’t continue heating up, and the 70% rate hike pricing likely remains unchanged. The trend usually spikes then pulls back. BTC 76,300–79,500; ETH 2,435–2,500; SOL 97–107. Keep positions low to avoid being caught on both sides.
C｜Core CPI ≥ 0.3%
Rate hike pricing may rise to 80%–90%. BTC breaks below 76,300, target 74,000–73,000; ETH 2,360; SOL loses 97, bulls retreat. Only if it clearly exceeds 0.3% could there be a real crash.
Deleverage before 20:20. Don’t bet your position on the data; wait for scenario A or B to materialize before acting. FOMC is next Wednesday; tonight only decides: can you survive until next Wednesday.
$BTC $ETH $SOL
#PPI、CPI接连公布，美联储迎关键两日 Last night, the key was not BTC's decline, but the rise in funding costs.
Brent crude oil rose 6.3% to $107.63, the 10-year US Treasury yield approached 5%, and the probability of a September rate hike increased from 49% to 71.3%. BTC spot ETFs saw a net outflow of $282.7 million.
This looks more like a capital revaluation rather than institutional liquidation. Oil prices breaking $100, rising inflation concerns, narrowing room for rate cuts, and higher US Treasury returns make short-term BTC reduction unsurprising.
Higher opportunity costs do not equal a collapse of faith.
Bitcoin ETPs still have a cumulative net inflow of about $58.2 billion, ETH about $12.6 billion, so the base holdings have not been fully withdrawn. Coinbase premium has been negative for 5 consecutive days, only -0.042%, indicating weak US buying but no exit.
A daily ETF outflow of two to three hundred million is not the core issue; the real focus should be on the 10-year US Treasury yield.
If it continues to push toward 5%, BTC will remain under pressure; if it reverses, ETF inflows could return quickly, and the market recovery may exceed expectations.
Currently, BTC's biggest competitor is not the bears, but the nearly 5% US Treasury yield.#Robinhood首次担任IPO承销商
Robinhood is sitting at the IPO underwriting table for the first time, occupying the 18th seat. But the act of "sitting down" itself is far more important than the seat number.
Previously, it could only help investment banks distribute shares at the door; now it has the right to secure allocations for its own retail customers. This is the first real participation since obtaining the underwriting license in June 2026. The involvement is in the listing and trading of the smart ring manufacturer Oura. Although it is only one of 18 underwriting institutions, the significance lies in the business boundary extending upstream from asset distribution to asset issuance.
For the crypto market, this is a gradual but clear signal. Traditional brokers are moving their business onto the Chain, and they are doing so with licenses, users, and compliance frameworks. The growth of ETH cross-chain volume on Robinhood Chain means real funds are entering the chain through compliant channels. This incremental growth is not driven by airdrop incentives but supported by real business demand.
For BTC and ETH, this level of traditional financial infrastructure going on-chain is a long-term positive. The larger the scale of on-chain assets, the more the value of the underlying public chains and mainstream assets is reinforced. However, the short-term price will not directly soar because of this news; it is more like a slow variable affecting the industry structure over the next few years. $BTC $ETH $ZEC $ETH 2595—2600 shallow support has been directly broken and is invalid.
But interestingly, after the price hit a low of 2541.68, it quickly pulled back to 2562, indicating that the core retracement zone we previously focused on, 2555—2570, did indeed have support, although this wick swept a bit more liquidity below the range.
The truly important support now has become:
2535—2545
Because the 15-minute MA20 and the middle band of the BOLL are both near 2536, and the recent low of 2541.68 was almost caught back above this area.
So currently it looks more like:
2600 breaks → rapid clearing of long positions at high levels → support near 2540 → back to 2560.
This can still be explained as a deep retracement within a strong trend, but it can no longer be considered a shallow pullback. $BTC $ETH $ZEC
My personal view is:
In such a deeply divided macro environment with regulatory directions swinging back and forth, if a bull market really emerges, it would indeed be a miracle.
But I don't believe a miracle will happen right now.
Incremental funds within the circle are clearly exhausted, stablecoin premiums appear intermittently, and on-chain activity is visibly shrinking. At this stage, it's rare to see a situation like this year where both depth and liquidity are simultaneously drained. What's even stranger is that such a sharp rebound can still occur in this environment — which itself is very abnormal.
The birth of a bull market requires three conditions to be met simultaneously: time, capital, and narrative.
First, there is not enough time. Historically, before any bull market starts, there is a long period of sideways accumulation lasting several months. The current pace is too fast, and chips have not been sufficiently exchanged.
Second, there is not enough capital. Large capital entry has never been a matter of a single bullish candle but rather a slow accumulation when no one is paying attention. The current rebound looks more like a battle among existing funds rather than new incremental entry.
Third, the narrative is insufficient. AI, RWA, and halving have all been hyped; a truly convincing new story has yet to appear.
Add to that the election year, the Trump factor, and repeated policy expectations, market sentiment is extremely erratic.
All these factors cannot support a genuine bull market. I remain bearish.
$BTC $ETH $ZEC
#美国CPI环比加速，加息预期升温
#BTC现货ETF连续流出
#伊朗允许BTC与USDT外贸结算 Solana spawns over 263,000 new tokens in a single day
Five to six times more intense than the 2024 meme peak
Pump is using tokenized stocks as trading pairs again
Nvidia, Tesla, and the S&P can all serve as quoted assets
A new token becomes a hotspot every day
Like a night market constantly changing its signs
The aroma is strong
But most of the tokens expire the same day—should you still touch old coins like Bitcoin, Ethereum, and Dogecoin?
Yes
Not because their narratives are the newest
But because they can still let you exit alive
New tokens create the buzz
Old coins handle settlement and exit
Both legs are indispensable
Without the settlement leg
You’re just fueling the launchpad $SOL which itself splits into two roles
On-chain it’s a token factory
But the coin price still hovers around 100, fluctuating with macro trends
Ecosystem heat doesn’t equal token resilience
The busier the factory
The more waste it produces
The ones that truly remain are those familiar old faces—Bitcoin still grinding at 77,000
Depth is there
In and out must be managed
Ethereum is below 2,500
Both contracts and spot still recognize it
Dogecoin’s voice is old
But the European and American order books remain
Its slippage is much more honest than 263,000 new names
They seem like outdated narratives
But they’re actually the only fire exits still marked
New hotspots can be chased
Don’t burn your retreat positions
Pump can turn stocks into memes
And liquidity into fireworks
When the fireworks end
You won’t want to hold 263,000 codes looking for buyers
You’ll want to find $BTC ETH DOGE
Those that look the oldest
But are most willing to pay to take you outCore CPI higher than expected, my first reaction was confusion: why did $BTC and $ETH actually surge? Normally, such data is hawkish and should strengthen rate hike expectations. So I immediately checked gold and U.S. Treasuries.
The short-term Treasuries gave a real reaction first: the 2-year yield rose rapidly, with the market's bet on a September rate hike reaching 90%, and short-term tightening expectations nearly maxed out. Gold plunged quickly because rising short-term and real rates directly suppress gold prices, a typical bearish move.
The real contrast was in the 10-year yield: it did not rise sharply in sync but slightly declined. This indicates the market accepted a possible rate hike in September but did not price in runaway inflation or a prolonged rate hike cycle; long-term rate expectations have not entered the worst-case scenario.
The counter-trend rebound in crypto is also explainable. Before the data, PPI and oil prices had been rising continuously, sentiment was very tense, many were betting on extreme CPI deterioration and a market crash, and crypto shorts were very crowded. Although the month-over-month 0.3% was higher than expected, it was not the worst-case scenario. After the worst risk materialized, shorts covered heavily and a cascade of liquidations pushed a short squeeze rally.
The market is hard to predict; a wrong first reaction can cost your position.
#美国CPI环比加速，加息预期升温
#BTC现货ETF连续流出 BTC plunged to 76,046 then pulled back to 78,000, who is the rebound leader between SOL and DOGE
#美国CPI环比加速，加息预期升温
This V-shaped plunge looks like a big hand pressing down into the water then suddenly releasing—$BTC first dropped to 76,046 after the data, then quickly recovered to 78,000, leaving short sellers behind.
#10年期美债逼近5%关口，回购难阻收益率上行
The market ultimately chose the "sweet" half of the CPI: core year-on-year dropped to 2.4%, US stock futures rose about 1%, gold turned up 1.7%, sentiment warmed. BTC recovered 78,000, $ETH stood above 2,500, elastic trading jumped: SOL led gains about 3% reclaiming 100, DOGE, the most severely fallen oversold asset, surged around 6%.
The leader is clear: $SOL has fundamental high beta, reclaiming 100 is retaking lost ground, moving most steadily; DOGE relies on oversold short covering, rebounds sharply but depends more on sentiment, sustainability is discounted. BTC and ETH are responsible for supporting the foundation; how far the leader can go depends on the foundation's stability.
Next, if BTC holds above 78,000 without breaking down, watch if SOL can consolidate 100 and if $DOGE can maintain volume; if BTC falls below 77,000, the leader's rally is a point to reduce positions, not to chase higher. The first bite of the rebound is the most tempting but also the hottest, don't chase during a straight surge. Everyone originally set the script: only if CPI falls significantly below expectations will the market surge; If it only meets expectations, it should remain volatile.
But reality is quite the opposite: the data precisely hits the expected line, yet ETH surges rapidly in the short term. Many people are puzzled: with neutral data, where does the upward momentum come from?
The core truth has never been about the quality of the data itself, but that expectations have already been prematurely digested by the market.
A full week before the CPI release, nonfarm payrolls were strong, oil prices rose, and PPI increased, with the market continuously trading "sticky inflation, with a high probability of Fed rate hikes." U.S. Treasury yields kept rising, the market remained under pressure and fluctuated, bearish sentiment kept accumulating, and many traders prematurely bet on another CPI explosion, accumulating large short positions in the leveraged market.
The market has already priced in the possibility of a "hawkish bias" in advance.
When the CPI finally materialized, all indicators just met expectations, and the "inflation out of control again" that everyone feared did not occur. The biggest black swan risk disappeared, and the bearish boots officially materialized.ZEC current price is 1,203, a 24H high, with a turnover of 96.11 million U. From the 2024 low, +6,300%, and from 494 on 8/17, a three-week increase of 2.4 times.
Three sources of funds: Grayscale Privacy Coin ETF AUM exceeding $500 million; Increased token concentration (circulating market thinner market); Perpetual funding rate -0.0052%—Bears are still paying and fueling the rise.
But F2Pool's Wang Chun publicly criticized ZEC for being "unworthy of its position," recounting its dark history and questioning the fairness of the price increase.
Last week I wrote on DASH that 75 was settled, 75 didn't come, today it's 58.78. In the same week, ZEC rose from 1,015 to 1,208—the same sector, with a 39 percentage point gap between the leader and the follower. The narrative can only accommodate one king.
At the FOMC meeting on the 15th–16th next week, the PPI has pushed the probability of a rate hike to about 70%.
I won't chase 1,200. Only two conditions are waiting: a pullback to 1,054/1,000 stabilizing, or a volume increase breaking through 1,298 to hold steady.
Is ZEC the Bitcoin of 2013, or a bubble that doesn't match its position? 1,200 Do you dare to chase #USCPI accelerates month-on-month, rate hike expectations heat up I already said, it's a dead cat bounce. Basically, the principal and interest have all been recovered.$BTC $ETH Did you understand this chart? Today, 220 million shorts exploded!!
Tonight the CPI will be released, everyone is watching the inflation data, a bunch of people have already set up short positions in advance, waiting for the market to crash
The result is that the CPI met expectations, the market did not really see a tough rate hike, but using the name of "rate hike bearish news," they first harvested a wave of shorts 💥💥💥
Many retail investors focus only on the surface news but don’t understand how the funds play:
What really determines the short-term market is never the news itself, but the expectations the market bets on in advance
When the whole market is trading on rate hike bearish news and a large number of shorts accumulate, the funds will use this story to complete the harvest!
$SOL #美国CPI环比加速，加息预期升温 The US August CPI data has been released. The overall CPI year-on-year is 3.4%, unchanged from the previous value and expectations; the core CPI year-on-year is 2.4%, slightly down from the previous 2.5%, continuing the trend of gradual cooling. After the data release, the CME FedWatch tool showed that the probability of a 25 basis point rate hike in September surged from about 70% before the data to nearly 90%, then fell back to around 80%. The probability of a cumulative 50 basis point hike in October also rose to nearly 40%. The market discussion focus has shifted from "whether to raise rates" to "how many rate hikes are needed in this cycle." This CPI report does not provide the Fed with a reason to confidently hold steady, nor does it offer conclusive evidence that an immediate rate hike is necessary. The core CPI is falling year-on-year but rising month-on-month; energy is pushing up the overall reading, but the stickiness of service prices is the real hidden risk. It reconfirms a fact: the "last mile" of US inflation is harder to complete than imagined. And under Powell's leadership, the Fed is navigating this path in a way unfamiliar to the market. $BTC $ETH $ZEC #美国CPI环比加速，加息预期升温 #美国CPI环比加速，加息预期升温
Core CPI exceeds expectations, the Fed is just one step away from raising rates, so why did the US stock market rise instead of falling?
Today's market can be summed up in one sentence: CPI is quite hot, but not hot enough to break the pot.
Core CPI month-on-month exceeded expectations, the probability of a rate hike soared to nearly 90%, so it should have fallen. But why did it rise in pre-market? Because the market had already priced in the "rate hike". Looking at the data, core year-on-year actually dropped, and overall CPI met expectations, not as bad as imagined. The worst expectations didn't get worse, which is positive.
Looking at oil prices, Brent fell back from around 110, and there are reports from the Middle East about negotiating a shipping agreement. When oil prices ease, half of the inflation transmission chain's risk is defused.
In sectors, Oracle's earnings exploded, directly supporting tech stocks. Hardware stocks like Dell and HP are also rising, with funds chasing stocks with strong earnings certainty.
So today's rise is not "inflation is no problem," but "rate hikes are already priced in, oil price risks have eased, and tech stocks have their own growth." Don't chase highs; watch oil prices and whether there will be hikes after September—that's the real variable. $CL #财报观察员：甲骨文AI云收入增121% #交易之声：你的经验值得被听到
Q: How do you manage correlation risk in multi-asset holdings?
The main holdings come from $ETH, $SOL, and some $OKB, of course there is also some BTC. Actually, most coins tend to move together; when a bull market arrives, BTC rising often drives most major coins up.
For multi-asset holdings, you need to categorize. For example, mainstream coins like ETH and SOL are considered "long-term holds," meaning you aim for the big gains—selling in batches near historical highs and keeping some base positions to see if extra profits can still be made 🤔
There are also coins with high correlation to mainstream coins, such as those related to the ETH ecosystem. When ETH rises, these coins providing related ecosystem services often rise too. They can be grouped together, but since ETH’s risk is relatively low, when it reaches historical or stage highs, the priority for selling can be dynamically controlled from high to low risk 🤔
It’s similar to US tech stocks, gold, and oil. Most categorized assets tend to resonate with each other. The most important thing to maximize profits is to watch for drawdown risks. You can short the "leading coins" or other related categories driving the rise at resistance levels (especially when market euphoria hits historical highs 🤔).
@OKX星球 @米妮Minnie_OKX #BTC现货ETF连续流出
CPI landing caused a surge instead, $ETH directly pulled back to 2618, funds are changing direction.
Just checked the market, ETH directly pulled up to 2618, up more than 7 points, $BTC also returned near 79100. CPI was clearly bearish, but the market moved in the opposite direction, can't understand it.
Why the rise?
CPI year-on-year 3.4%, core CPI year-on-year 2.4%, superficially meeting expectations. But the market is not trading the CPI itself, it’s trading the "exhaustion of bad news." Before the data, everyone feared CPI would explode, but it didn’t, shorts started covering, bulls took the opportunity to enter, pushing the price up directly.
ETH’s rise this time is much stronger than BTC’s because it had fallen the worst before. From 2523 smashed down to 2405, a bigger drop than BTC, so the rebound elasticity is also greater. On the 4-hour chart, it closed a big bullish candle, recovering all the losses from the past few days.
Funds are changing direction.
Look at the ETF data to understand. BTC spot ETF had net outflows of 167 million for two consecutive days, dragged down by ARKB redemptions, subscription enthusiasm clearly cooled. But ETH ETF had net inflows of 34.75 million, XRP ETF inflows of 5.14 million. Funds are moving from BTC to ETH and XRP, Ethereum has become the new focus of funds.
The probability of a rate hike is still above 70%.
Macro pressure hasn’t eased at all, the rise is driven by market sentiment and fund rotation.
Whether it can continue to rise depends on whether funds are willing to keep buying after tonight.Stablecoins increased issuance by 3.657 billion this week, BTC ETF weekly inflows were 1.306 billion (down week-on-week but higher than August), but the OTC premium declined, indicating caution; BitMEX former CEO warns that 99% of altcoins will go to zero, institutional rotation may be a "bull trap," position control is necessary. $BTC $USELESS 1. Green bubble clusters (large areas connected together with wired connections)
This is the largest cluster of related wallets, belonging to a batch of sub-wallets from the same source of funds.
A large number of small and medium green bubbles distribute tokens from the same central master wallet, belonging to multiple sub-wallets controlled by the same group.
• It includes some of the top large holder addresses, meaning among the top 10 holders counted by Dexscreener, multiple wallets belong to this same green cluster.
• This is the hidden sub-wallet cluster we are looking for: Dexscreener superficially counts the top 10 by independent addresses as 24.37%, but the green cluster merges all bubbles' chips to calculate the real controlling volume.
2. Three large purple bubbles, connected by wired links
Another independent small cluster, 3 wallets with interlinked funds, belonging to another group of large holder sub-wallets.
3. Dark blue isolated large sphere
An independent large holder wallet, no connections, no fund interlinking with other wallets, belonging to a single giant whale, not part of the green group above.
4. The small string of orange bubbles
Another small related wallet group, very small in scale, low influence.
Core conclusion #BTC现货ETF连续流出
From September 8 to 9, BTC spot ETFs saw a continuous net outflow of $167 million, mainly dragged down by ARKB redemptions. But you have to look at the timeline more broadly; just a few days ago, there was a cumulative inflow of $1.01 billion. This $167 million outflow barely dents that—it’s purely a cooling off in subscription enthusiasm, far from a trend reversal.
The real highlight is in the horizontal comparison. While BTC is flowing out, ETH had a net inflow of $34.75 million on the 9th, XRP saw an inflow of $5.14 million on the 10th, and SOL slightly turned negative. This is not some "institutional mass retreat," but rather internal funds doing structural portfolio adjustments.
Given the current backdrop—CPI just released, September rate hike probability soaring to 90%, oil prices breaking $100, and U.S. Treasury yields pushing higher—when macro pressure is at its peak, institutions first pull back some BTC for risk avoidance and then shift positions to assets with better cost-performance. This is a standard risk control move.
Here’s the key point from Mi Ge. Before next week’s FOMC announcement, this kind of capital differentiation and outflow will continue. What you really need to watch out for is after the rate hike next week and macro pressure eases: if BTC continues to flow out while ETH and XRP keep attracting funds, that will indicate a shift in pricing power within the crypto market.
At this point, don’t be scared into selling by the daily red or green of ETFs. BTC is oscillating between 76,000 and 78,000. Once next week’s FOMC truly lands, the direction will become clear. Hold your positions and don’t hand over your chips in panic. $BTC $USELESS 1. Green bubble cluster (large connected areas linked by lines)
This is the largest associated wallet cluster, a batch of sub-wallets belonging to the same source of funds.
A large number of small and medium green bubbles distribute tokens from the same central parent wallet, belonging to multiple sub-wallets controlled by the same group.
• It includes some Top whale addresses, meaning among the top 10 holders counted by Dexscreener, multiple wallets belong to this same green cluster.
• This is the hidden sub-wallet cluster we are looking for: Dexscreener superficially counts the Top 10 by independent addresses as 24.37%, but the green cluster merges all bubbles' chips to calculate the real controlling volume.
2. Three large purple bubbles, connected by lines
Another independent small cluster, 3 wallets with interlinked funds, belonging to another group of large sub-wallets.
3. Dark blue isolated large circle
An independent large whale wallet, no connections, no fund interactions with other wallets, a standalone giant whale, not part of the green group above.
4. The small string of orange bubbles
Another small associated wallet group, very small in scale, low influence. According to traditional financial logic, core inflation data slightly exceeded expectations, and the probability of a Fed rate hike in September soared to around 90%. Logically, expectations of tightening liquidity should have ground Bitcoin, US stocks, and gold to the ground. But reality played out an extremely magical "V-shaped reversal," which is actually the most classic game in the capital market — "buy expectations, sell facts." $BTC $ETH $SNDK Before the data was released, the market had already "pre-priced in" this negative news. Over the past week, oil prices broke 100, US Treasury yields approached highs, and Bitcoin experienced a continuous correction from $82,000 to around $76,000. Bears heavily bet on a rebound but failed, pricing in the worst-case scenario in advance. So, when the CPI data was finally released, although core CPI was up 0.1 percentage points month-on-month, it did not exceed the worst-case scenario the market had already priced in during the decline. So, in the first minute after the data was released, the quantitative algorithm did trigger a stress response, causing Bitcoin to plummet instantly. But the bears soon realized the price couldn't go any further. The "rate hike boots" hanging over their heads finally landed, uncertainty was completely eliminated, and panic instantly turned into "all negative news has been released" buying. Bears realized they couldn't push the price and were forced to concentrate on closing positions to cover the market. This passive buying directly pushed Bitcoin higher. More importantly, Bitcoin still had the underlying funds continuously net inflows from spot ETFs supporting the bottom, reversing the support between $76,000 and $77,000Loracle's short ledger now looks more like a list being priced inversely by the market.
He reduced part of the HYPE short position, but the remaining position still shows an unrealized loss of over seven million, with an entry price $30 higher than the current price. In the same account, shorting NVIDIA and PLTR is profitable; the direction is correct, but the targets are wrong.
From the counterparty's perspective, this is not about misreading the macro environment, but shorts being time-rented on strong assets. The reduction in position indicates passive margin management, not active capitulation.
Next, watch whether he continues to shrink the HYPE short position. If the remaining position decreases further, it indicates pressure from margin calls rather than a change in judgment.
#LAPTOP首发跌近99%，Meme市场争议升温
#ZEC跻身前十，机构化进程提速 #加密财库分化：买币还是回购？ $NVDA $HYPE The numbers are finally out, and this CPI report is anything but simple. August US CPI came in at 3.4% YoY, unchanged from July, while monthly CPI accelerated to 0.4%. Core CPI cooled to 2.4% YoY, but the monthly figure still climbed 0.3%, above the market's 0.2% expectation. Gasoline jumped 3.9% during the month and accounted for more than a third of the headline increase, while shelter inflation also picked up. So the picture is mixed: Inflation isn't exploding. But it isn't cooling fast enougEvery day just hoarding some $HYPE, this address has handled 3.029 million tokens in half a month, worth 252 million USD, with an average price of 83.4.
In the last 24 hours, it added another 365,000 tokens, worth 29.65 million USD, all staked. According to data released by HypeStrat, the current total holding is 31.8 million tokens, valued at 2.513 billion USD.
This volume is already close to 5% of HYPE's circulating supply, and the tokens are bought and staked immediately, not participating in short-term speculation, belonging to a long-term locked position player.
HYPE has risen from 75 to 90 in this round, institutional ETF holdings are 75 million, on-chain burns have accumulated to 4.1 billion, plus whales of this scale continuously buying in, the chip structure is indeed improving. However, the price is also rising fast, so be cautious when chasing highs.
#加密财库分化：买币还是回购？ 🤖 $ORCL + $ADBE — AI SPENDING FACES THE CASH-FLOW TEST
Oracle and Adobe are in focus, but the bigger question is simple: when does AI investment translate into real cash flow? 👀
📦 Oracle’s huge backlog shows demand, but backlog ≠ recognized revenue.
🏗️ OCI expansion also requires heavy infrastructure spending.
The key signal: can growth scale fast enough to justify the investment?
AI hype is easy. Cash flow is the proof. 📊
#ORCL #ADBE #DailyOrbitThe moment the CPI came out, I was stunned...😳
Core CPI was hawkish, yet $BTC $ETH actually rallied? Who exactly is buying?
Tonight's CPI isn't really friendly.
Core CPI rose 0.3% month-over-month, higher than the market's original expectation of 0.2%, inflationary pressure still exists, and the market's pricing for a September rate hike once approached 90%.
Logically, this should be negative for risk assets.
But the market didn't move that way.
I quickly checked US Treasuries and found the really interesting part👇
The 2-year Treasury yield surged noticeably.
This reflects the market's repricing of short-term policy tightening—the expectation for a September rate hike is fully priced in.
But looking at the 10-year yield, the situation isn't as extreme.
Although the 10-year yield remains near the high level of 5%, it hasn't experienced the same runaway spike as the short end.
What does this mean?
The market is trading on:
"There might be one rate hike in September."
Not:
"Inflation is out of control, and the Fed will start consecutive rate hikes."
These two logics are completely different.
Plus, before the CPI, PPI and oil prices had already been pressuring the market continuously, and many had already bet in advance that "tonight's CPI will be a bombshell."
The data, although hawkish, wasn't as bad as the market had imagined in the worst-case scenario.
So the most interesting scene appeared:
Short sellers started to retreat, leveraged positions were forced to liquidate, and a short squeeze kicked off directly.🔥
#DailyOrbit Will there be a rate hike in September or not? After the CPI release, the answer is becoming increasingly clear:
The market now expects about a 90% chance of a rate hike in September.
Even more exaggerated, the market fully anticipates that the Federal Reserve will raise rates once more before the end of the year.
This is definitely not a comfortable macro environment for Bitcoin in the short term.
Because the rate hike expectations continue to heat up, it means there is pressure for the dollar and U.S. Treasury yields to keep strengthening, which will also suppress the valuation of risk assets.
But I think the market has already priced in so much of these rate hike expectations in advance; when it actually happens, how much expectation gap will remain?
If the dollar and U.S. Treasury yields continue to rise afterward, Bitcoin will face more obvious pressure.
But if the rate hike expectations have been fully priced in and the data does not continue to worsen, the market might actually see a correction in expectations.
So the biggest mistake now is to simply interpret a 90% rate hike probability as Bitcoin definitely having to fall.
The market never trades the news itself,
but the difference between the news and expectations.
$BTC $ETH $ZEC
#美国CPI环比加速，加息预期升温 August CPI came in at +0.4% MoM and +3.4% YoY, while core CPI rose 0.3% MoM. The hotter monthly print is keeping pressure on the Fed and pushing rate-hike expectations higher. But here's the interesting part 👇 The market didn't simply follow the textbook “higher inflation = crypto down” narrative. $ETH showed some serious strength around the data release, with volatility picking up sharply and buyers stepping in aggressively. $BTC also remained relatively resilient around the $80K area. ETH is The core CPI month-on-month rate for August reached 0.3%, hitting a new high since May, while the market consensus was only 0.2%. After this data was released, a rate hike in September has become a highly probable event, and the Federal Reserve is now in a difficult position.
The inflation stickiness shown in this round is somewhat similar to the market environment in the late 1990s. At that time, the market generally fantasized that the central bank would yield and compromise, but the Federal Reserve still chose to hike rates aggressively, and various assets went through months of pain before the market fully digested it.
Looking at the gold market, if the rate hike is implemented, short-term volatility and pullbacks are inevitable. However, from a medium to long-term perspective, there is still room to imagine a surge to $4000. Reviewing historical policy transition cycles, precious metals often experience a round of intense turbulence first, then return to their original upward trend. The fundamental point of contention lies in the tug-of-war between the dollar's credit and real interest rates. Under the current environment, gold bulls still have logical support.
But it is not suitable to go all in directly; the focus should be on waiting for clear signals from the September FOMC meeting. Some rate hike expectations have already been priced in by the market in advance. The truly cost-effective opportunities often appear after market sentiment has been excessively vented. $BTC $ETH $SOL #美国CPI环比加速，加息预期升温 #CLARITY Bill faces a key vote on September 15, with 60 votes being critical. On September 15, the Senate will vote on the CLARITY Bill. The probability of passage is predicted by the market at only 15%.
This bill sets the rules for crypto assets—defining which are securities, which are commodities, and how exchanges comply. The House passed it in July with 294 to 134 votes, a rare bipartisan agreement.
But the Senate vote is unlikely to pass.
A procedural vote requires 60 votes. The Republicans hold 53 seats, so at least 7 Democrats must defect. Polymarket gives a 15% chance of passage, and even co-sponsor Tillis is pessimistic.
What’s blocking it? Three deadlocks: Democrats want to add an ethics clause banning officials from profiting from crypto, which hits the Trump family hard; whether DeFi developers should face jail time for their code; and banking lobbyists fiercely opposing stablecoin yield regulations.
But my judgment is straightforward: whether the bill passes or not may no longer be that important.
Bitcoin spot ETFs have seen net inflows of $3.8 billion for three consecutive weeks, and BlackRock’s IBIT alone has accumulated $64 billion in inflows. Wall Street money is voting with its feet; the path to compliance is already underway and can’t be stopped by a single bill.
The real question is: if it doesn’t pass on the 15th, how much will BTC drop? My answer is—it won’t drop much; the market has already priced in this expectation. On the contrary, if it unexpectedly passes, that would be a real surprise.
What do you think will happen on the 15th? Place your bets in the comments.
$BTC $ETH #美国CPI环比加速，加息预期升温
The just-released CPI made me slap my thigh after reading it; this market really messes with your mindset.
US August CPI year-on-year is 3.4%, exactly matching expectations and July's figure. Core CPI year-on-year is 2.4%, the lowest since March 2021, but month-on-month at 0.3%, slightly above expectations. Combined with the earlier PPI year-on-year at 5.4%, higher than expected, plus strong employment data, the market has priced in a 90% chance of a 25 basis point rate hike in September.
Why do risk assets rise when macro expectations tighten? The core logic is summed up in four words: bad news priced in. The data didn’t make the Fed immediately dovish, but there’s no "inflation out of control" either. The market had already priced in a 70% chance of a rate hike; now at 90%, the extremely crowded short positions gave bulls a short squeeze opportunity.
But don’t get excited yet; the real pricing point is the FOMC on September 16. Tonight’s market action feels more like an emotional release than a trend reversal. Next, watch if US Treasury yields break 5%, and whether Fed officials speak more hawkishly.
In terms of trading, don’t chase highs after data releases. At these macro game nodes, wait for emotions to settle and the market to give a clear direction before acting. Better to earn less than to be repeatedly stopped out in choppy moves.
I’m Feige, avoiding pitfalls on the trading path; follow me to take fewer detours. Think it over. $BTC $ETH $ZEC Oracle's stock plunged 5.38% during regular trading hours on the US market yesterday, wiping out $25 billion in market value in a single day. After the earnings report was released post-market, the stock quickly rebounded and surged over 8%, showing a dramatic reversal. This traditional database giant has now shifted its growth core to providing computing power leasing services for AI enterprises.
It delivered an impressive Q1 performance: total revenue of $19.3 billion, up 30% year-over-year; cloud infrastructure revenue nearly doubled to $7.4 billion; signed but not yet executed RPO contracts reached $664 billion, indicating strong future revenue certainty.
However, the overall market environment is very harsh. Crude oil surged over 8% in a single day, returning to the $100 mark; the 30-year US Treasury yield hit a new high since June 2007 at 5.347%; US stocks experienced a four-day losing streak; the storage chip sector generally weakened, with Oracle being one of the few counter-trend stocks during the session.
The intraday plunge followed by a violent post-market rebound creates a rollercoaster effect that can easily wear down investor sentiment. The real test lies ahead with the CPI data. The market currently prices in over a 70% chance of a Fed rate hike next week. If inflation data again comes in hot, Oracle's earnings boost alone will struggle to offset the macro downward pressure across the entire market. $BTC $ETH $SOL #财报观察员：甲骨文AI云收入增121% #红海风险扩大，百美元油价再现
Underlying Logic of the Price Increase
1. Disruption in Shipping Routes, Forced Rerouting of Capacity
The Red Sea handles a large volume of crude oil and refined oil transportation between Europe and Asia. Once the route becomes unsafe, commercial ships must detour around the Cape of Good Hope, adding more than ten days one way and driving up transportation costs. The market fears the conflict may further spread to oil fields and port energy infrastructure, causing trading funds to preemptively factor in risk premiums.
2. Insufficient Idle Capacity, Very Limited Buffer Space
OPEC+ maintains production cuts, and global crude oil idle capacity is already limited. If there is a substantial supply disruption in the Middle East, there is not enough spare capacity to quickly fill the gap, amplifying the price elasticity upward.
3. Rekindling Inflation Expectations, Directly Restricting the Federal Reserve
Rising oil prices will push up overall CPI, coinciding with the inflation rebound in August. This is the market’s most concerning chain reaction: energy price increases make it harder for the Federal Reserve to cut rates and may even support expectations of further rate hikes, putting additional pressure on long-term U.S. Treasury yields.
Logic Behind Various Asset Markets
✅ Crude Oil: If the conflict continues, prices will fluctuate at high levels; once ceasefire negotiation news emerges, geopolitical premiums will quickly flee, causing a short-term price pullback.
✅ U.S. Dollar: Rising inflation expectations strengthen high interest rate expectations, benefiting a stronger dollar.
✅ Gold: A tug of war. On one hand, Middle East geopolitical risks bring safe-haven buying; on the other hand, higher oil prices push up rate hike expectations and U.S. Treasury yields, suppressing gold prices. These two forces compete.
✅ U.S. Stocks, BTC, and Other Risk Assets: Generally negative. Oil price increases bring renewed inflation pressure and heightened rate hike expectations, affecting valuations CPI year-on-year 3.4%, month-on-month 0.4%, both data points meet market expectations, but core CPI month-on-month recorded 0.3%, significantly higher than the expected 0.2%.
On the surface, overall inflation has not exploded, but core inflation excluding energy and food has risen again, coupled with yesterday's PPI data also being on the hot side, the underlying stickiness of inflation has already appeared, and the situation is not optimistic.
Due to the impact of this data, the market's originally expected rate cut expectations have been further dispelled, and the trading expectations for a rate hike in September have once again significantly heated up.
Overall, the key bearish evidence has been gathered: strong nonfarm employment, high PPI, and a rebound in core CPI month-on-month all resonate. At next week's Federal Reserve meeting, the possibility of a 25 basis point rate hike is significantly rising, and risk assets need to be wary of this macro-level sharp edge. $BTC $ETH $ZEC #美国CPI环比加速，加息预期升温 Short sellers suffered a bloodbath of 260 million! $ETH violently squeezed past 2600.
In the past 24 hours, the entire network liquidations reached 683 million USD, with shorts mercilessly wiped out by 422 million USD.
Notably, $ETH liquidation amounts hit as high as 262 million USD, and Hyperliquid recorded a single largest liquidation exceeding 20 million USD.
Even though spot ETFs lost over 46 million USD in a single day, Ethereum still defied the trend, breaking through 2600 USD with a fierce oversold rebound.
But this is far from a simple market reversal; it is an extreme short squeeze completed through a liquidity vacuum.
Fundamentals have been simmering with hidden risks:
- Continuous net outflows from ETFs reflect traditional funds retreating on rallies.
- The expectation gap has shifted from "all bad news priced in" to "liquidity suffocation," with market expectations for rate hikes fading.
- Stakefish and Lido are embroiled in legal lawsuits due to MEV frontrunning, striking at the legal Achilles' heel of validator neutrality.
If validators are forced to intervene in off-chain censorship in the future, Ethereum’s proud decentralized consensus and staking ecosystem will suffer severe damage.
Currently, the short squeeze sentiment is nearing its end, with dense trapped positions stacked above 2650 to 2700 USD.
Without substantial spot capital support and with underlying neutrality facing legal scrutiny, a purely technical rebound from a liquidity drain won’t go far. Avoid blindly chasing highs and becoming liquidity for the opposing side.✅USD: Rising long-term bond yields support a stronger dollar, with funds flowing back into U.S. Treasuries for safety.
✅Gold: Higher real interest rates suppress gold prices, making them prone to pressure.
✅U.S. stocks, BTC, and other risk assets: 5% is a key psychological resistance level. Long-term yields represent the denominator in global asset pricing; as yields rise, valuations of high-growth stocks and crypto assets get compressed. Coupled with continuous ETF outflows, selling pressure can easily intensify.
Bull-Bear Divergence
👉Bears: The double whammy of fiscal deficits and sticky inflation means the 10-year yield holding above 5% is just a matter of time, and risk asset valuations will need further downward adjustment.
👉Bulls: Once yields hit 5%, it will trigger substantial long-term allocation funds to buy bonds, providing buying support; if subsequent inflation data cools and rate hike expectations ease, yields will quickly retreat.
Key Practical Observations
1. Distinguish two main actors: Treasury buybacks = debt management tool; Federal Reserve rate hikes = monetary policy, which is the decisive force.
2. Focus on whether the 5% threshold can hold: a brief spike above is an emotional pulse; if it closes and holds above 5%, it means a fundamental shift in global asset pricing logic.
3. Beware of rapid reversals: after a sharp yield surge, profit-taking is likely, causing short-term rebounds in risk assets—avoid shorting into this.Hunter Biden's launched Meme Token $LAPTOP has become one of the most absurd political Memes in Crypto X these days.
After the token launched on Base / Aerodrome, its price once surged from a few dollars to nearly $300, then fell back to single digits within minutes; some statistics show that about 80% of buyers ultimately suffered losses close to their entire principal, while an early address reportedly turned about $250K into approximately $1.18M.
What I think is most worth looking at here is not Hunter Biden.
But rather a mathematical problem about Meme Coins that is always overlooked:
Price ≠ Liquidity.
A token showing a $500M or even $1B FDV does not mean there is really that much money in the market.
If the initial LP is very thin, a buy order of tens of thousands of dollars can push the last transaction price to an absurd level.
Then everyone screenshots:
"Market cap $750M!"
But when you really want to sell, you will find:
Market Cap is price × supply.
The money you can take out is Exit Liquidity.
The two are completely different.
So when I look at new Memes, I never first look at FDV.
I first look at:
Liquidity, Top Holders…🔥 CRYPTO SURGE: WHY DID THE MARKET SUDDENLY REVERSE?
BTC, ETH, SOL, and many altcoins all quickly recovered after the US August CPI rose 3.4%, exactly as expected. The notable point is not the "good" CPI, but that the data was not worse than forecast, while oil prices cooled down and US stocks rebounded.
The market is easing concerns about the inflation shock, and the previous sell-off may have already priced in most of the risk. However, the Fed remains a major variable ahead of next week's meeting.
#USCPIReignitesHikeOdds Google continues to recover tonight, holding at a cost basis of 337.
In the past few days, the market mainly traded on concerns about AI capital expenditure being too high + high interest rates pressuring valuations, with the stock price once dipping near 330.
But Google's fundamentals are actually not bad:
Q2 total revenue up 24% year-over-year, Search up 17%, Cloud even up 82%, operating profit up 30%, profit margin rising to 34%. The core business remains very strong.
The real controversy now is not "Google can't make money," but that AI investment is too aggressive. The company has further raised its 2026 CapEx to $195-205 billion, putting short-term free cash flow under pressure, and the market is reassessing whether these AI investments can bring sufficient returns in the future.
Even tonight, despite CPI being slightly hawkish and rising expectations of rate hikes, Google still shows clear support, indicating funds are willing to buy near 330.
My average cost is 337, continuing to hold.
In the short term, I look at 345, mid-term 350-360; long term, if Cloud continues high growth and AI investments gradually pay off, I still see 390-430.
Risks: U.S. Treasury yields breaking above 5% again, AI CapEx continuing to spiral out of control, free cash flow recovery falling short of expectations. CPI rate hike expectations heat up, but $BTC surges 4,800 points approaching 80,000! $ETH rallies over 9%
On September 11, the cryptocurrency market experienced a "no drop despite bad news" short squeeze. The US August CPI data showed a core inflation monthly rate of 0.3%, higher than the market expectation of 0.2%, but the overall data met expectations. After the release, the market priced in a soaring probability of a 25 basis point rate hike by the Federal Reserve in September. However, after briefly dipping near $76,000, BTC quickly recovered, reaching a high of about $79,500, surging nearly 3,900 points from the intraday low, with a 24-hour increase of 2.34%. ETH performed even stronger, once rising above $2,700, hitting a 9-month high, with an 8% surge in the past 24 hours.
The core mechanism behind this rebound is short squeeze. On the eve of the CPI release, the market had fully priced in a "hawkish scenario," forcing high-leverage longs to exit while short positions accumulated simultaneously. When the price tested $77,000 but failed to break down effectively, short covering orders concentrated buying during a liquidity-thin window, amplifying the upward move. Order book data shows a significant buy wall near $76,771.8. Additionally, the US spot Bitcoin ETF has seen a cumulative inflow of $3.8 billion over three weeks, marking the strongest continuous performance since 2026, with institutional funds clearly buying on dips. #US CPI month-on-month accelerates, rate hike expectations heat up #