đ„ PPI Shock Rattles Rate Cut Hopes; BTC Teeters on $82.4k Support Amid Short
The latest PPI data has served as a sobering wake-up call for those betting on imminent rate cuts. With Core PPI hitting 3.3% (well above the 2.9% forecast), the Fed is facing exactly the kind of persistent inflation they hoped to avoid.
âBitcoin has already felt the sting, sliding 6% to hit $82,704âleaving it precariously balanced on the $82,436 support level. $AIN
âThe Liquidation Landscape
âWhile over $640M in long positions were wiped out in the initial drop, the sentiment has shifted so aggressively that the "short" side is now looking dangerously crowded. We are seeing:
âNegative Funding Rates: Investors are paying a premium to bet on further downside.
âOverextension: The market is leaning heavily into the bearish momentum. $PINGPONG
âThe Outlook
âThe immediate path for BTC depends on that key $82,400 floor:$BTC
âThe Bull Case (Micro): If support holds, the overcrowded short positions could trigger a violent short squeeze, forcing a relief bounce to flush out late sellers.
âThe Bear Case (Macro): If the level breaks, a psychological move toward $80,000 is likely the next step.
âWhile the macro environment looks grim, the internal market mechanics suggest we are primed for a counter-trend move.