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Happy_shanky
🚨 GOOD INFLATION DATA, BUT BTC & ETH ARE STILL STUCK — WHY?
CPI came in at 3.4% YoY, PPI also cooled, and expectations for future rate cuts are picking up.
Yet $BTC and $ETH aren’t breaking higher.
Why? Because markets price expectations, not headlines.
$BTC is hovering around $63,552, with relatively low daily volatility, while $64,000 remains a key resistance level.
$ETH is near $1,886, repeatedly testing $1,900 but still unable to secure a convincing breakout.
The bigger issue is that much of the bullish inflation narrative may have already been priced in ahead of the data. Traders who bought the expectation could now be taking profits rather than opening fresh positions.
With around $140M in options expiring tonight, traders on both sides may have another reason to stay cautious.
🎯 The takeaway:
Good economic news doesn’t automatically mean higher crypto prices. Sometimes, the market has already priced in the good news before it arrives.
#DailyOrbit
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