Bitcoin traders reduced bullish bets ahead of US inflation data, with Bitcoin pulling back from $80,000 to $78,000.
AI trading terminal OrderX data shows that as Bitcoin retreated from $80,000 to approximately $78,000, bullish option skew continued to soften, and traders are reducing their long exposure. The US is set to release August PPI data today, with an expected month-over-month increase of 0.4%, and the annualized growth rate projected to rise from 4.7% to 5.3%. The CPI report will also be released on Friday, with inflation expected to accelerate again. The market widely anticipates a more than 60% probability of the Federal Reserve raising interest rates next week.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:CoinDesk · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
JPMorgan upgraded Meta to Overweight, raised price target to $820 from $640, implying roughly 24% upside.
-
2
Trump warns Iran over 'Pickaxe Mountain' nuclear activity, threatening 'very hard hit' after U.S.-Iran ship attacks near Hormuz; Brent crude falls below $101
-
3
Ukraine launches deepest strike of war, hitting Russian Arctic gas plants 3,000 km away, as Russian attacks kill 7 in Ukraine
-
4
NVIDIA is under investigation by the U.S. Department of Justice over a licensing agreement with AI chip company Groq, potentially related to circumventing antitrust review.
-
5
Israeli attack on northern Gaza kills at least 4 Palestinians
-
6
Iran-backed Houthis seize Yemen's Mocha, raising risks for Red Sea shipping and global trade
-
7
IMPACTXP (IMPACTXP) Token Status Analysis: Project Stagnation and Low Market Activity
-
8
Virtual Currency and Virtual Account Trading Platforms: Mainstream Choices and Ranking Analysis
-
9
A Guide to Global Mainstream Bitcoin Trading Platforms and How to Choose One
-
10
ASK Coin Analysis: Current Status, Applications, and Long-Term Holding Considerations for Permission.io's Token
Markets Today
Recommended Reading






