Get ready for the hit! 🤯 No matter how 'good' the inflation data in the United States was, the digital bill went deaf. The bears are all in and the price of Bitcoin is falling apart, ignoring the Federal Reserve's favorite indicator.

Look at this, my people: just when the data from the Personal Consumption Expenditures (PCE) index of the U.S. came out (the one that the Federal Reserve loves to measure inflation), which actually came out in line with expectations (2.7%), we all thought: This gives fuel to Bitcoin! But no way. 🙅‍♂️

The price of BTC not only did not rebound, but it also started to tremble near the support of $109,000 USD. Sellers are skeptical and the fear is that now the route is directly to $100,000 USD. Now that's a drop!

Deleveraging and the Liquidation Magnet 💰

What is happening in the market? There is a keyword: Liquidation.

  1. Critical Support: Traders are watching how Bitcoin threatens to fall below $109,000 USD. If it breaks that, they say the next strong stop is $101,000 USD.

  2. The Position Hunt: In Binance and other exchanges, liquidity (money that comes in and out) is clustered on both sides. There are a lot of buy orders waiting at $108,200 USD (a bearish magnet) and many short liquidations (where people betting down get liquidated) near $110,000 USD.

  3. The Cleanup: The platform Glassnode confirmed it: there was another wave of long liquidations (people who bet on the price going up lost) when it fell from $111k. This is a process of "deleveraging" or "deflating risk". It's like a market purge so that the traders squeezed can exit and the market can "reset".

Real Impact: Why Should You Care About the U.S. PCE? 🇺🇸

Although it may seem like a distant thing from Wall Street, the PCE is crucial. The news that inflation is under control (even if it's at its highest level in 7 months) keeps hope alive.

What is the hope? That the Federal Reserve (the Fed) continues with its plan to lower interest rates 🥳. This is pure gold for risk assets like Bitcoin because it means that having cash in the bank earns less, and people look for where to invest to earn more.

The joke is that, although macroeconomics looks good for a bullish future, the current price is stubborn and falling. It's a battle between macro hope (the Fed will lower rates) and market fear (everyone is selling now).

The Reflective Close:

The lesson here is that Bitcoin does not always dance to the rhythm dictated by macro data. Sometimes, fear psychology and liquidations weigh more. The ticket is at a decisive moment: either the support holds and we see a bounce towards $112,000 USD, or get ready to see the big number of $100,000 USD. Pay attention to the data, because this week defines the month! 👁️‍🗨️$BTC