Higher Inflation Shakes Bitcoin: Could Whales Prepare to Capitalize on Retail Overreactions?

Description

Inflation in the US climbed more than anticipated, which rattled the crypto market. Bitcoin initially dropped to $94,000 but staged an unexpected recovery by rebounding to $98,000 before settling at $96,000. As discussions around “CPI” reached their highest level in 15 months, data suggest that this could very well be a classic case of “sell the rumor, buy the news.” Additionally, whales could capitalize if retail FUD intensifies amid inflation concerns. Retail FUD Could Create Whales’ Buying Op...