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𝗕𝗜𝗚𝗚𝗘𝗦𝗧 𝗘𝗩𝗘𝗡𝗧 𝗢𝗙 𝗧𝗛𝗜𝗦 𝗪𝗘𝗘𝗞 🚀 #CPI data is coming on Thursday at 6 p.m. IST    CPI Expectations: 3.1%   This CPI data will be crucial.  If the CPI data comes in higher than expected, 𝘳𝘶𝘭𝘦 𝘰𝘶𝘵 𝘢𝘯𝘺 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 𝘰𝘯𝘦 𝘳𝘢𝘵𝘦 𝘤𝘶𝘵 𝘵𝘩𝘪𝘴 𝘺𝘦𝘢𝘳.    If CPI data comes in lower than expected, 𝘵𝘩𝘦𝘯 𝘪𝘵 𝘮𝘢𝘺 𝘰𝘱𝘦𝘯 𝘵𝘩𝘦 𝘥𝘰𝘰𝘳 𝘧𝘰𝘳 𝘢 September 𝘳𝘢𝘵𝘦 𝘤𝘶𝘵.   What are your CPI expectations?  #Crypto #FOMC #Bitcoin #SOFR_Spike #cpi #CPI_DATA #BTC_Bounce_Back_to_57k $BTC
𝗕𝗜𝗚𝗚𝗘𝗦𝗧 𝗘𝗩𝗘𝗡𝗧 𝗢𝗙 𝗧𝗛𝗜𝗦 𝗪𝗘𝗘𝗞 🚀

#CPI data is coming on Thursday at 6 p.m. IST   

CPI Expectations: 3.1%   This CPI data will be crucial.  If the CPI data comes in higher than expected, 𝘳𝘶𝘭𝘦 𝘰𝘶𝘵 𝘢𝘯𝘺 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 𝘰𝘯𝘦 𝘳𝘢𝘵𝘦 𝘤𝘶𝘵 𝘵𝘩𝘪𝘴 𝘺𝘦𝘢𝘳.    If CPI data comes in lower than expected, 𝘵𝘩𝘦𝘯 𝘪𝘵 𝘮𝘢𝘺 𝘰𝘱𝘦𝘯 𝘵𝘩𝘦 𝘥𝘰𝘰𝘳 𝘧𝘰𝘳 𝘢 September 𝘳𝘢𝘵𝘦 𝘤𝘶𝘵.   What are your CPI expectations?  #Crypto #FOMC #Bitcoin #SOFR_Spike #cpi #CPI_DATA #BTC_Bounce_Back_to_57k $BTC
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$16B may inflow in crypto in Q3 The reason for this is #FTX cash distribution. But they won't return money in #BTC , ETH, SOL, or any other crypto. Instead, they will get the return on stables based on the price of November 2022. Imagine you held 1 BTC there, the price was $16k. You won't get $56k, but $16k. There are also 2 important dates to keep an eye on: ◾ August 16, 2024 - Deadline for voting on FTX bankruptcy ◾ October 7, 2024 - FTX bankruptcy plan may be approved How can it affect the market? As I said, returns are expected to happen at the end of Q3. Plus, at that point, the world will follow the US election. These 2 events may create a bull market Even by looking at previous ups after inflows: BTC: ◾ January 8th, inflow of $210M. Price rose by +5% in a day ◾ February 26th - March 4th, inflow of $1.139B. Price rose by +32% ETH: ◾November 9th, 2023, inflow of $100M. Price rose by +10% ◾ April 8th, inflow of $217M. Price rose by +8%. SOL: ◾March 11th - March 21st, the inflow of $634M. Price rose by 25% How high we can go this time? #CPIAlert #MtGoxJulyRepayments #LayerZero #Megadrop
$16B may inflow in crypto in Q3

The reason for this is #FTX cash distribution.

But they won't return money in #BTC , ETH, SOL, or any other crypto.

Instead, they will get the return on stables based on the price of November 2022.

Imagine you held 1 BTC there, the price was $16k.

You won't get $56k, but $16k.

There are also 2 important dates to keep an eye on:

◾ August 16, 2024 - Deadline for voting on FTX bankruptcy

◾ October 7, 2024 - FTX bankruptcy plan may be approved

How can it affect the market?

As I said, returns are expected to happen at the end of Q3.

Plus, at that point, the world will follow the US election.

These 2 events may create a bull market

Even by looking at previous ups after inflows:

BTC:

◾ January 8th, inflow of $210M. Price rose by +5% in a day
◾ February 26th - March 4th, inflow of $1.139B. Price rose by +32%

ETH:

◾November 9th, 2023, inflow of $100M. Price rose by +10%
◾ April 8th, inflow of $217M. Price rose by +8%.

SOL:

◾March 11th - March 21st, the inflow of $634M. Price rose by 25%

How high we can go this time?

#CPIAlert #MtGoxJulyRepayments #LayerZero #Megadrop
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𝑩𝑻𝑪 𝑩𝒊𝒈𝒈𝒆𝒔𝒕 𝑪𝒓𝒂𝒔𝒉 𝑰𝒔 𝒀𝒆𝒕 𝑻𝒐 𝑪𝒐𝒎𝒆🚨  This is what bears will always say, but remember that corrections are part of a crypto cycle.   The same happened in 2017 and 2021, so don't panic and use this opportunity to accumulate. #Bitcoin #BTC #Altcoins #MtGox #MtGoxJulyRepayments #SOFR_Spike #CPIAlert #IntroToCopytrading
𝑩𝑻𝑪 𝑩𝒊𝒈𝒈𝒆𝒔𝒕 𝑪𝒓𝒂𝒔𝒉 𝑰𝒔 𝒀𝒆𝒕 𝑻𝒐 𝑪𝒐𝒎𝒆🚨 

This is what bears will always say, but remember that corrections are part of a crypto cycle.
 
The same happened in 2017 and 2021, so don't panic and use this opportunity to accumulate.

#Bitcoin #BTC #Altcoins #MtGox #MtGoxJulyRepayments #SOFR_Spike #CPIAlert #IntroToCopytrading
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