10xResearch's analysis is quite accurate; the systemic liquidation of ETFs is the real culprit, not MicroStrategy taking the fall. CPI below 4% has become a life-or-death line; we're keeping a close eye on it.

View Original
CoinNetwork
CryptoWorld News reports that 10xResearch states that Bitcoin has fallen $21,000 in the past 30 days, and this is not due to MicroStrategy. When the CPI reached 3.8% on May 12, they already considered inflation a potential resistance. Subsequently, ETF holders systematically liquidated their Bitcoin exposure. The current CPI data is crucial, and Bitcoin needs to stay below 4.0%. Their model indicates that the market has underestimated inflation and recommends close monitoring.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned