#CPIWatch ๐๐ โ Inflation Data Sends Shockwaves
๐ Latest Update:
US CPI comes in at 2.7% vs 2.8% expected โ a small dip but a big deal for markets ๐.
Bitcoin whipsaws from $122k โก๏ธ $119k in hours.
Traders loading up on short-dated BTC puts (115kโ118k strike) anticipating volatility.
๐ก Why It Matters:
Lower CPI increases odds of a Fed rate cut in September ๐ฆ.
Crypto could see another bullish push if Fed policy loosens.
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