#BitcoinNewsToday
🚀 #BTC surged to $122,312 before cooling to $121,250, liquidating $100M+ in shorts.
📊 Traders eye $117K–$119K CME gap as a short-term pullback zone.
📉 #Leverage at multi-year lows = rally driven by spot demand 💪
📅 #CPI & #PPI data this week set the tone for a possible September Fed rate cut (90% odds).
🐋 Whales show no major profit-taking signs, but #Coinbase Premium Index flips negative ⚠️
Key Highlights
• #BTC hit highest since start of current bull leg 🌕
• #CMEgap at $117K–$119K could fill before next leg up
• Spot buying dominates; leverage wipeout risk low 🛡️
• Macro data key: Cooler CPI = 🚀, Hot CPI = 📉
• On-chain: Large $USDT transfers absent = whales staying put
If #Bitcoin holds $120K+, bulls could aim for new ATHs before month-end. A dip to the CME gap might reset market structure for another run — especially if macro data favors risk assets. 📈🔥
#USInflation
#CryptoTrading
#OnChainData #WhaleWatch #CryptoAnalysis