🤔 The #market is once again worried about inflation – Wintermute
➠ US consumer inflation (#cpi ) accelerated to 3.8%, while the yield on 10-year bonds rose to 4.58% – the highest since September 2025. The market now assesses a 44% chance of a Fed rate hike in December.
➠ BTC fell 5.7% over the week, $ETH by 10.2%, and ~$1b was withdrawn from #BitcoinETFs , ending a six-week inflow streak. Recent gains in the crypto market were mainly driven by short squeezes and leveraged long positions, not real spot demand.
➠ New Fed Chair Kevin Warsh is viewed as more "hawkish," and the market has fully abandoned expectations for a rate cut in 2026 over just five trading days.
➠ Brent crude oil rose 8.6% last week amid the ongoing crisis in the Strait of Hormuz. The inflation shock is no longer a temporary issue but is becoming part of a new macro reality.
❗️ The key zone for #BTC now is $76-78k. If the market fails to maintain the range above $75k, Bitcoin could quickly drop to $70k.
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