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CPI exceeds expectations—why are crypto assets under pressure? Transmission dynamics at a glance

[Data: Both readings exceed expectations; overall inflation remains hot]
At 21:30 Beijing time on November 10, U.S. October CPI was released: headline CPI rose 0.4% month over month, above expectations of 0.3% (previous: 0.6%); core CPI rose 0.3% month over month, above expectations of 0.2% (previous: 0.3%). Inflation eased from the previous reading, but less than expected, and remains elevated overall.

[Immediate cross-market reaction]
U.S. stock futures plunged in a short-term move: Nasdaq 100
NAS100-0.07%
BTC-0.67%
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crypto market overview
live-cover
LIVE2,422
It’s at 1K now.
Did you think I’d stopped working?
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The vibes I'm getting with $HOPE is nothing like I have seen in MONTHS
Pure organic , slow , accumulation, bag working
The last hope for the trenches
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Trump Media & Technology Group (TMTG) filed its third-quarter report with the SEC on November 9, showing that as of September 30, it held approximately 15,649 bitcoins, a net increase of 1,510 from approximately 14,139 at the end of July. It bought 4,359 bitcoins in the third quarter, funded by selling part of its BlackRock Bitcoin ETF (IBIT) holdings.
Of the 15,649 bitcoins, approximately 11,385 were pledged to an options-yield strategy, while approximately 4,261 were pledged as collateral for convertible notes. Holders of the convertible notes can demand approximately $1 billion in cash rede
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BTC-0.67%
$ONE — Short entry: 0.0020200 Take profit 1: 0.0019000 Take profit 2: 0.0017800 Stop loss: 0.0021700 This rapid rally has brought ONE close to an important intraday resistance zone. The likelihood of profit-taking is increasing, especially if the recent breakout fails to hold.
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ONE-1.19%
🚨 US October inflation came in above expectations.
Monthly CPI: 0.4%, expectations 0.3%, previous month 0.6%.
Core CPI: 0.3%, expectations 0.2%.
The probability of a December rate hike is in the 85-90% range.
Fed member Waller had said that if core CPI came in at 0.3 or above, a 50-basis-point hike should also be considered.
Today, core CPI came in at exactly 0.3.
Bitcoin slid to $73,500 after the data.
More than $1 billion in liquidations have occurred since the weekend, and spot ETFs saw $1.28 billion in outflows last week.
Where do you think we're headed before the next rate decision?
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BTC-0.67%
We now have:
1. Goldman Sachs' ~$105B Treasury fund available on Lynq, a private Avalanche chain
2. BlackRock's BUIDL on Avalanche since 2024
3. Franklin Templeton, which manages $1.81T, with its BENJI fund on Avalanche
@avax
AVAX-0.10%
BENJI-1.46%
BTC market update
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LIVE2,967
Yesterday I just told someone to short the pump, and sure enough, it only bounced to 75,500 before weakening 🤣
It bounced from 73,510 but couldn't even touch 76,000, then got pushed back to 74,200. ETFs saw another $200 million in outflows yesterday, marking three straight days.
My hands are itching to short right now, but CPI is tonight at 21:30. I’ll hold off until the data comes out.....
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Fresh futures money went to $AVAX , where open bets grew 16.7% in the 24 hours to Nov 10 as price rose 3.48%. On $SOL new bets leaned the other way, opened into a -1.67% day.
AVAX-0.06%
SOL-0.74%
Solana is heading beloe 80.
More than ever we need some $hope
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SOL-0.77%
#美伊谈判出现新进展 This oil-price rebound may continue for a while, but it looks more like a recovery than a trend reversal.
Most of the decline in oil prices reflects the war-risk premium coming out; a ceasefire and the resumption of shipping have yet to materialize.

Why the respite may continue
US-Iran talks have made progress, and the US says renewed war is “extremely unlikely.” Brent has fallen from $107 to around $92.
Inflationary pressure has eased, and the market is less worried about Fed rate hikes.
US stocks and A-share tech stocks are both rising, while the fear index has fallen by about 20
XTIUSD-2.41%
  • 2
$57,586,426.
That’s how much has been spent buying back $INJ .
Everyone talks about which projects are good and which teams are competent, but those are just words.
Commitment like this, putting their money where their mouth is, is the real deal.
Injective is a rare one.
INJ-1.67%
The big players have already started going long at lower levels tonight; they’ve entered the market.
I still maintain that going long on BTC around 73,500 is relatively safe, while ETH will probably need to be around 2,050.
If it drops, I’ll add to my position to lower my average entry price.

Ideal entry level: around 72,500–73,000
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  • 1
Damn, that's incredible. Are you already betting that another super bear market is coming in the second half of the year? 😭 Just add 100 all at once; the slower you add, the deader the market gets. $ETH $SNDK $SOXL ‌ ‌ ‌
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ETH-1.23%
SNDK-0.18%
SOXL-1.16%
UNI at $6.9—what are you waiting for?
Daily active addresses hit a new high for the year, CME has launched UNI futures, and the fee switch and token-burning mechanism are now live—but the price has fallen from $11 in September to $6.9. Every bullish catalyst has been thrown at it, yet the price just won't rise. Has the DeFi leader really been abandoned by the market, or is this the final calm before the storm?

First, the surface picture: the good news is out, but the price is flat.

UNI surged to nearly $11 in September, then pulled back all the way to trade between $6.5 and $7.5. Now it's st
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BTC-0.67%
ETH-1.26%
UNI+3.05%
$BTC Expecting Something like this
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BTC-0.67%
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