Bitcoin

Investor, Trader, & Market analyst. 📊 Web3 explorer👾🟪 Degentleman🎩

 /smellcheckmate 🌐

I don't understand what I see... 
more selling pressure?

• Bitcoin traders may be optimistic due to potential September rate cut by the Federal Reserve if inflation data is lower than expected.

• Analysts anticipate a low Consumer Price Index (CPI) print, leading to speculation about a larger rate cut.

• However, a higher-than-expected CPI could cause a Bitcoin sell-off.

• The market is divided on Bitcoin's next move, with a significant increase in Bitcoin Open Interest since September 7. Crypto commentator AlphaBTC believes the September 10 spot Bitcoin exchange-traded funds (ETF) inflows indicate anticipation of positive CPI data.

• Spot Bitcoin ETFs saw cumulative inflows of $117 million on September 10, the highest since August 26.

NFA - DYOR

:: $DUNA on 🍖 :: /psytrance :: brainlet :: shit :: most memes are original ::

Does this help?🌹
https://warpcast.com/0xabss.eth/0x0282382e