BTC barely moved last night, but this morning I woke up to BTC at 73k.

BTC is now at 73,183 (CoinGlass, around 7:30 on November 11), down 2.93% over 24 hours; ETH is at 2,025, down 5.57%, after dipping to an intraday low of 72,787, a three-month low. There’s only one reason: October CPI rose 0.4% month over month, versus the market’s 0.3% forecast, while core CPI at 0.3% also topped the 0.2% forecast. The market is now pricing in a rate hike in December, not a cut. Even Waller said they’d have to consider 50 basis points if price pressures don’t ease.

Crypto liquidations totaled $635 million over 24 hours. ETH alone accounted for $118 million, more than BTC’s $83 million, with long positions crowded into ETH. Open interest also fell 3.85%—traders are genuinely pulling out, not just rotating positions. The Fear and Greed Index is still at 31.

I didn’t make a move last night, and I’m not planning to add to my long position at the bottom today either. A break below 70k would be a real drop; if it holds, this is just the bottom of the range. Are you buying here, or waiting for confirmation at 70k? #美国10月CPI即将公布