đ Mixed Economic Data Adds Pressure to Markets Ahead of Bitcoin Futures Expiry
August 29 delivered a wave of key macroeconomic data, painting a mixed picture for global markets. The most notable release was the U.S. Core PCE Price Index, which came in at 0.2%, matching forecasts and signaling stable inflation. However, Personal Spending missed expectations at 0.2% vs. 0.4% forecast, suggesting consumer momentum may be cooling.
Meanwhile, Canadaâs GDP surprised to the downside at -0.1%, raising concerns about growth in North America. Germanyâs Prelim CPI also slowed to 0.1%, reinforcing the global disinflation trend.
The standout bullish signal came from the University of Michigan Consumer Sentiment, which rose to 58.7, beating forecasts and hinting at improving confidence despite economic headwinds.
All eyes now turn to the Bitcoin Futures Expiration at 8:00 PM, a key event that often triggers volatility. With BTC hovering near critical support levels, this expiry could act as a catalystâeither confirming bearish momentum or sparking a short-term relief rally.
đ§ Market Implications:
Equities & Crypto: Mixed data + Fedâs dovish tone = cautious optimism
Interest Rates: Stable inflation keeps rate-cut expectations alive
BTC Outlook: If futures expiry aligns with weak macro data, downside risk increases. But a strong close above $114K could flip sentiment bullish. #FedDovishNow #BTCWhalesMoveToETH #SOLTreasuryFundraising #BinanceHODLerDOLO
