It seems that Wall street knows the near future of BTC 🤔
Wall street has been reaccumulating the BTC. The total net BTC ETF flows are approaching the ATH(All Time High).
While the BTC price has had a price correction and has been consolidating during the last few months, what do you think the reason why they have been buying BTC again?
Today, the U.S. CPI(Consumer Price Index) and the initial jobless claims will be released.
The CPI(YoY: Year over Year) forecast is 3.1%. If it is lower than expected, it will be the ATL(All Time Low) since 2022, and most asset markets will be likely bullish. I'm looking forward to seeing 2.9%.
The initial jobless claims has been increasing. If the actual figure is higher than expected, the first federal funds rate cut will be earlier than expected.
No one expect the first interest rate cut will be in July. If the CPI is 2.9%, and the initial jobless claims is higher than expected, the possibility of the rate cut in July will increase.
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btc will always moon