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WHALE ALERT ๐Ÿšจ ๐Ÿšจ ๐Ÿšจ ๐Ÿšจ ๐Ÿšจ 1,999 #BTCย  (103,372,498 USD) transferred from unknown wallet to unknown wallet. #Write2Earn #WLD #TrendingTopic #BTC #ETH

WHALE ALERT ๐Ÿšจ ๐Ÿšจ ๐Ÿšจ ๐Ÿšจ ๐Ÿšจ 1,999 #BTC ย  (103,372,498 USD) transferred from unknown wallet to unknown wallet.

#Write2Earn #WLD #TrendingTopic #BTC #ETH

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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๐—ง๐—ต๐—ถ๐˜€ ๐—ข๐—ป๐—ฒ ๐—ง๐—ต๐—ถ๐—ป๐—ด ๐—–๐—ผ๐˜‚๐—น๐—ฑ ๐—–๐—ฟ๐—ฎ๐˜€๐—ต ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—”๐—ป๐—ฑ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—œ๐—ป ๐—ง๐—ต๐—ฒ ๐—–๐—ผ๐—บ๐—ถ๐—ป๐—ด ๐— ๐—ผ๐—ป๐˜๐—ต๐˜€ย  ย  Reason ๐Ÿ‘‡ ย  โ—พ Fear of stagflation ย  Recently, US GDP data came in at 1.6%, which was almost 40% less than expectations.ย  ย  On the other hand, US core PCE rose from 2% to 3.7% (an almost 85% increase). ย  This indicates a weakening economy with rising inflation, also called stagflation.ย  ย  Why is it bad? ย  During a weakening economy, the FED usually makes rate cuts to boost the economy.ย  ย  During rising inflation, the FED usually does rate hikes to control the inflation.ย  ย  But right now, the FED is clueless, as both things are happening at the same time. ย  During the stagflation era of 1970โ€“80, stocks were one of the worst performers.ย  ย  Given that crypto usually follows stocks, if the stock market takes a big hit, Bitcoin and crypto will dump even more. ย  The next FOMC meeting is in 4 days, which will decide the fate of the market in the coming months. ย  If you liked this analysis, then hit like and repost it. #BullorBear #BTC #bitcoin #Memecoins #Token2049
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