Bitfinex Blog/
Hot Core CPI Hands Bitcoin’s Fate To Spot Flows
Bitcoin (BTC) faced downward pressure following a hotter-than-expected US Core CPI report, testing a critical support floor at $81,300. While BTC recovered slightly, spot ETF outflows and short-term holder losses indicate increased risk, though institutional positioning for late October remains bullish.
Read the original report at Bitfinex BlogWhy It Matters
Hotter inflation data limits the macroeconomic window for price increases, shifting the focus to whether spot ETF flows can stabilize the price floor or if a breakdown will occur.