The digital sun, once so high in the sky, dipped a mere two percent today.
\$108,000. A pittance, some would say, yet enough to make the merchants of
coin clutch their chests. The Americans, bless their industrious hearts, were
trading when it occurred. All this, mind you, on the eve of the great
inflation numbers. One wonders, is it anticipation or merely indigestion?
🤔 Peter Brandt, a name whispered with reverence and a touch of dread, speaks
of a seventy-five percent correction. A grim jest, surely?
Bitcoin Price Slips Towards Support
CoinGlass, an oracle of sorts, reveals a liquidation of longs. Twenty-three
million vanished like smoke. Yet, optimism persists, a stubborn weed in the
garden of despair. They cling to the hope that \$110,000 will hold. Such
faith!
Brandt, that harbinger of digital doom, posted on X—a modern-day town square
where anxieties are traded like cheap rubles. Seventy-five percent, he
cries! Based on patterns, he says. As if the past holds all the answers.
😂
Is Bitcoin \$BTC following its 2022 script and setting up for a 75%
correction? Doesn’t hurt to ask this, does it?— Peter Brandt (@PeterLBrandt) June 10, 2025
GreeksLive, a platform for those who gamble with options, speaks of mixed
sentiments. A bullish trend acknowledged, yet frustration simmers. The market
moves like a drunkard, swayed by the whims of large institutions. \$105-110K
is their playground, it seems.
Hyperliquid’s liquidation map—a battlefield of leveraged dreams—shows a
concentration near \$105K. Should Bitcoin stumble there, many will find
themselves stripped bare. A chilling prospect, no? 🥶
The traders, ever cautious, hedge their bets with puts. Volatility and
manipulation are the demons they fear. As if the market were ever a fair
game. 🙄
Up one percent in the last twenty-four hours, they say. Currently trading at
\$108,580. A dance on the edge of a precipice. Volume increased, a sign of
interest or merely panic?
US CPI and PPI Jitters
The Crypto Times, a chronicler of these digital follies, reports that all eyes
are on the US inflation data. As if the Federal Reserve holds the keys to
salvation.
The Department of Labor Statistics will unveil the CPI data on Wednesday. A
rise to 2.5% is expected. The core CPI, a touch higher at 2.9%. Numbers,
numbers, as if they truly capture the essence of our anxieties.
Month-over-month CPI, a mere 0.2% increase. The core CPI monthly, a slightly
larger 0.3%. Such minute details, yet fortunes rise and fall on their
shoulders.
The Producer Price Index, expected at 2.6%. The core PPI, a slight dip to 3%.
The Fed, that great puppeteer, watches these figures with a keen eye.
Jobs data, slightly stronger than expected. Unemployment at 4.2%. The stage
is set for another act in this grand, absurd drama. 🎭
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2025-06-10 18:45