Gate.io Suggested Topics Posting Event: #CPI Data Drops#
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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
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Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
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The resilience of Bitcoin in the context of falling stocks could push the price of BTC to $100,000.
Bitcoin has recently fallen by 90 billion dollars, which is considered a minor drop compared to the macro leverage decline cycle. This could potentially lead to the next bullish phase of the market occurring sooner than expected. The road to 100,000 dollars of Bitcoin Despite market consensus, the path to reaching $100,000 for Bitcoin seems increasingly likely after the 'sell-off'. Since February 19, the U.S. stock market has lost $11 trillion in market capitalization, with more than half of this decline occurring after 'Liberation Day'. Meanwhile, Bitcoin only adjusted 5.17% compared to the valuation of 1.74 trillion dollars, making the 90 billion dollar drop seem small compared to the overall bullish trend of the market. This increasing divergence compared to risk assets and macro volatility is reinforcing Bitcoin's long-term position. Long-term holders accumulate Short-term held supply has decreased to its lowest level in two months, reflecting an actual loss of approximately 3 million BTC amid Bitcoin's retreat from its all-time high of $109,000. On the other hand, the supply of long-term bonds (LTH) has increased during the same period. The net position change data shows strong accumulation at an average cost of $84,000 per BTC, indicating strong confidence. Although limited to below $85,000, the important breakeven threshold for the weak, the continuous accumulation of LTH Bitcoin and the widening separation from US stocks indicate an important turning point. This could pave the way for Bitcoin to reclaim the $100,000 level, thanks to capital flowing out of risky assets and even safe havens into Bitcoin. Germany's recent withdrawal of 1,200 tons of gold from its New York reserves, worth 124 billion dollars, could undermine gold's role as a global safe haven if many other countries follow suit. With Bitcoin maintaining its position while the S&P500 and Gold are losing momentum, Bitcoin is in a favorable position to attract capital from governments, institutions, and retail investors. The shelter status of Bitcoin In the short term, to trigger FOMO, Bitcoin must break through the resistance level at $85,000-$87,000, an important area where profit-taking activity increases. Establishing a strong price barrier within this range is very important to maintain the bullish momentum. Since March 12, the whale herd has been accumulating strongly, pushing the amount of coin held to the highest level in three months. With these deep-pocketed entities absorbing the supply, the likelihood of retesting the support level of $77,000 seems to be increasingly unlikely. The ability of Bitcoin to maintain its value despite macroeconomic instability continues to drive its role as a hedge against market volatility. As long as demand remains strong, the path to achieving a six-figure price for Bitcoin is still very promising. The inflow of capital is likely to increase, especially when U.S. stocks face heightened downside risks due to increased tariff pressures.