🔥 Don't Panic: Reading the CPI Dip CPI came in at 3.8%, and the market reaction was instant. $BTC and ETH dropped, volume spiked. To many, this looked like the start of a bearish trend. To me, it looked like a classic Open Interest flush. Higher-than-expected inflation fueled fears that rate cuts are getting delayed. Derivatives traders panicked, cut their leverage, and we saw a wave of liquidations. Open interest dropped by about $1.25B across major exchanges. If you look at the 1-hour chart right now, Bitcoin is trading around $79,663, Ethereum - $2,260. DYOR! #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#