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THE MARKET UPDATES
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🚨 Nearly $8 billion worth of short positions will get liquidated if
Bitcoin
hits $100,000.
BTCUSDT
Perp
89,565.6
-2.87%
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BREAKING: Bitcoin pumped $1500 on the lower than expected PCE data. But then it crashed -$3500 in 60 minutes. This wiped out $155 million worth of long positions in last 1 hour. There is no negative news or sudden FUD which could cause this type of sudden dump. It appears that a few entities control the entire crypto market and they manipulate price almost every week to liquidate both leveraged longs and shorts.
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BREAKING: Silver just broke $59 for the first time ever in history. It's now up 100% in 2023 and has added $1.68 trillion to its market cap. Right now, precious metals are rallying due to Japan's bond market chaos. Once it gets resolved, liquidity will flow straight into risk assets like Bitcoin and crypto.
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BREAKING: US PCE came in at 2.8% and Core PCE at 2.8% Expectations: 2.8% and 2.9% This is another sign that inflation is cooling faster than the Fed expected. With inflation falling and growth slowing, the Fed has no reason to keep rates high. A rate cut next week is now almost fully locked in. This is positive for markets, liquidity, and risk assets like $BTC and $ETH .
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🚨BREAKING🚨 🇺🇸CORE PCE CAME IN AT 2.8% EXPECTATIONS: 2.9% Inlfation is cooling down = BULLISH
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USDT Dominance looks ready to dump hard. Liquidity is about to flow into BTC and alts now.
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