[Bitpush] Yesterday, the US finally released the delayed September PCE data—core inflation rose 2.8% year-over-year, a five-month low and slightly milder than market expectations. This leaves more room for a rate cut in December, and traditional markets immediately began pricing in a "soft landing": the dollar continued to weaken, US Treasury yields moved lower, and US stocks posted steady, modest gains.
But the crypto side saw a sudden shift. After the Bitcoin data came out, it dropped directly to around 87,000, fluctuating about 3% up and down within 24 hours. This move was not much related to inflation itself, but mainly the result of options expiration, pressure from a listed company's holdings, and volatility overlapping during the Asian trading session. Major coins adjusted along with it, but BTC ETFs still attracted nearly $60 million, indicating that institutional funds have not withdrawn. The market fear index also moved from an extreme zone back toward a slightly below-neutral level.
Technically speaking, BTC's key support is now in the 89,000 to 90,700 range. If it holds here, the next...