everyone thinks copying wall street's pre-cpi buys is a free ticket to pump town, but actually you're just providing exit liquidity for institutional desks.
most retail traders see big players accumulating and immediately fomo in at the local top, only to get wiped out by the high-volatility wick the second the inflation numbers drop. it is the easiest way to lose your margin balance in under five minutes.
let's look at the data from this week's pre-cpi run. institutional desks poured over 300 million into spot $BTC ETFs just days before the print, driving the price up by 4% in a low-liquidity window. they aren't doing this because they know the inflation numbers. they do it to hedge macro risk across their entire portfolio, meaning they can afford to take a hit if CPI comes in hot.
but if you try to copy trade this with leverage, you are playing a losing game. when the CPI print hits the wire, market makers pull liquidity and the bid-ask spread widens instantly. even if the macro data is positive, that sudden 2% dip before the pump will trigger your stop loss and leave you sidelined while $ETH and the rest of the market recover without you.
are you guys sitting in cash until the print drops, or are you actively trading this volatility?