BTC falls 5.3% from October 9-10, hits 3-week low at $58,900. 📉

- Higher-than-expected inflation in the US has investors worried that the Fed will not cut interest rates.

- CPI rises 0.2% in September, raising concerns about 'stagflation' - rising prices despite economic stagnation.

- US jobless claims rise to 14-month high.

- US Bitcoin ETF records $59 million in outflows from October 8-9.

BTC market sentiment is bearish, but don't panic! 🤔

- Cumberland DRW sued by SEC for acting as an "unregistered dealer".

- BTC futures index falls below 5% neutrality threshold, first time in over 2 months.

- However, options skew remains near zero, indicating no major change in risk.

What do you think about this situation? Share your opinion! 💬#Bitcoin#Crypto#Blockchain#Finance