Last night, the US CPI was positive and BTC fell back. There was no interest rate hike meeting this month, so the corresponding impact on CPI was weakened. But there is another big event this week, which is ETF.

The spot ETF applied by ARK is expected to have a result today, with a high probability of being postponed. The final response dates for VanEck and BlackRock's ETFs are both early next year. I hope the ETF can be approved as soon as possible.

Although the CPI was lower than expected, it was up compared to last month, ending the annual decline and raising inflation expectations. I personally estimate that interest rates will be raised next month.

For BTC, this month’s CPI may seem positive, but it is actually negative.

Bittrex just announced that it would pay a fine of $24 million and reach a settlement with the SEC. In the past two years, the SEC has been looking for trouble with platforms everywhere and collecting fines. It is estimated that the next ones will be XRP and BN.

The good news is that after collecting the money and the bad news is resolved, you can let go and do things.

I remember that BTC always plunged sharply 17 years ago, and some market makers took advantage of high volatility to create large liquidations.

After 20 years, this situation has become less common, because institutions have entered the market and the SEC has increased its control. If anyone wants to make trouble again, their license will be revoked and they will be arrested. For example, South Korea's B.com and the former derivatives king BM Laohei.

It is a good thing that the SEC takes more action, and the market will become more and more formalized in the future.

BTC: There are many large BTC transfers to Coinbase, which has a negative selling pressure on BTC. BTC is inserting pins along the 5-day line, and the hourly line is in a triangle convergence trend. Only when it stands firmly at 30,000 US dollars can it bottom out and return to the bull market. Wait patiently for the bottoming trend.

ETH: Falling back to the 5-day line, weakly linked to the market, facing resistance and selling pressure, continue to wait and see.

YGG: Small peaks continue to decline, entering a bottoming trend, avoiding the trap of chasing highs.

Some big whale addresses copied into PEPE, some early addresses sold GMX in large amounts, and 80 million SAND were being transferred to the platform.