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Big Whale Trading
📈 US Services PMI just came in at 58.7
Expected: 55.7
That's a full 3 points above forecast — and above the 56.5 line one trader flagged as the bullish threshold before the release
Most people will read this as a straight risk-on signal and move on $BTC
But strong services data cuts both ways — it also feeds the inflation narrative and shifts what the Fed does next
For BTC, the knee-jerk reaction is up. Whether it holds depends on how the rates market digests it
$ETH
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