US CPI looms over markets and BTC
Traders are positioning ahead of tomorrow's US CPI print, with BTC hovering near $74.8k and sterling steady.
What we know
A crypto trader flags heavy spot buying alongside heavy perp shorting capping BTC near $74.8k, possibly a bear trap, with CPI expected around 0.28% m/m; this is unconfirmed speculation. A market preview frames the print as deciding December, and sterling stabilised below 1.3450 ahead of the release.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.