CPI inflation under control》BTC broke 93,000 and then "dropped 5,000 US dollars"，More than 250,000 people were Get Liquidated in long and short battles

The United States released October CPI data last night in line with expectations, so the market also expected that the Fed will continue to cut interest rates by 25 basis points in December, and BTC was encouraged to continue to rise, briefly breaking the $93,000 mark. (Synopsis: BTC challenges 90,000 losses "fall breaks 88,000 magnesium", former Fed hawks: the number of interest rate cuts or decreases after Trump takes office, and U.S. stocks fall) (Background supplement: CPI released tonight" Fed official Kashkali: If inflation unexpectedly picks up, interest rate cuts may be suspended in December) The US Department of Labor released data yesterday (13) night showing that the US CPI (consumer price index) in October rose 2.6% from the same period last year, compared with September this year The monthly rise was slightly 0.2%, both in line with previous expectations. At the same time, the core CPI, which excludes food and energy, remained unchanged from September at 3.3%, and the annual increase was also 3.3%, both in line with market expectations. Probability of interest rate cut rises to 82.3% in December Previously, due to Trump's victory in the US election, the market expected that Trump's economic policy after taking office may lead to a slowdown in the pace of interest rate cuts by the US Federal Reserve (Fed). However, after the release of the CPI in October, according to CME Group's Fed Watch tool, the market believes that the probability of Fed cutting interest rates by 1 yard in December has risen from 58.7% the previous day to the current 82.3%, and the probability of maintaining the Intrerest Rate level unchanged in the range of 4.75% to 5% has dropped to 17.7%. Source: CME Group Fed Watch tool BTC once broke through $93,000 With the release of CPI data, which strengthened the expectation of continued interest rate cuts in December, BTC once again made efforts last night, breaking through the $93,000 mark at 00:15 today (14th) and reaching a maximum of $93,263. However, then selling pressure emerged, and earlier fell back to $88,000, causing many users who saw the rise after breaking new highs to be tied up. According to Coinglass data, in the past 24 hours, the amount of Cryptocurrency Get Liquidated reached $847 million, long orderGet Liquidated $520 million, short orderGet Liquidated $326 million, and more than 250,000 people were liquidated. Bitwise Investment Chief: $500,000 is a sign of BTC's maturity For BTC's current crazy rise, many investors have begun to fear heights, worried that liquidation will come at any time. However, Matt Hougan, chief investment officer of Bitwise, recently said that it is still in the early stages of BTC value discovery, and it will not be until $500,000 before we can call BTC mature: BTC has recently hit record highs with the positive sentiment brought about by Trump's victory, and a $100,000 breakthrough is imminent. The demand for BTC as a gold-like store of value asset will continue to increase, especially in the context of the government's widening deficit. While Central Bank currently holds about 20% of the world's gold reserves, BTC holds less than 2%. If the U.S. government plans to build BTC reserves, BTC will achieve its $500,000 goal, equal to gold's position in the stored value market. However, CryptoQuant founder Ki Young Ju also recently reminded investors that although BTC will continue to rise in the long run, the current market leverage ratio of BTC in the U standard has reached a record high of 2.7, and if the liquidation comes, I am afraid it will be unimaginable pain. Not sure how high prices will go, but the pain when this leverage unwinds won't be small. Don't get me wrong. I'm long-term bullish. Live Chart — Ki Young Ju (@ki_young_ju) November 13, 2024 U.S. stocks risefall inconsistencies However, although the U.S. stock side is also motivated by short-term incentives, follow-up selling pressure emerged, and the four major indexes performed after opening last night: The Dow Jones Industrial Average rose 47.21 points or 0.11%, closing at 43958.19 points The S&P 500 rose 1.39 points, or 0.02%, to close 5985.38 points Nasdaq slipped 50.66 points or 0.26% to close at 19230.74 The Philadelphia semiconductor index fell 102.34 points or 2.00% to close at 5006.29. In terms of individual stocks, Meta, Huida, Alphabet, etc. of the US stock market also fell slightly. Related reports BTC breaks through 76,800 and reaches a new high, Ethereum stands at $2,900, Fed cuts interest rates by 1 yard U.S. stocks rise more than less JPMorgan Chase warns: Trump wins = inflation storm again, Fed may suspend interest rate cuts in December 20 Central Bank released Intrerest Rate decision this week! Fed interest rate cut hits US election, market wave is coming? "CPI Inflation Controlled" BTC broke through 93,000 US dollars "rush to fall 5,000 US dollars", long and short double kill more than 250,000 people Get Liquidated" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".