$BTC

CPI just came in cooler than expected. Common knowledge dictates that this is bullish for Bitcoin.
But is it really?
The data says yes indeed, it is.
Below we can see the effects of a cooler CPI print compared to a hotter CPI print.
Over the next 2 weeks and at different milestones we can see that Bitcoin:
- Closes bullish more often
- Has better median returns
- Has higher highest price reaches
- Has more shallow drawdowns
For example, we can see that 3 days after a cooler CPI print, 65% of the time price was higher than where it started compared to 43% for a hotter print - 22% more.
We can see that after 2 weeks, 80% of lowest points stayed above -10.3% for cooler prints versus -18.5% for hotter prints - 8.2% higher.
So at least over the next 2 weeks, yes a cooler print indeed historically leads to less drawdown, higher returns, and more bullish closes over different intervals.