Heavy capital outflow from Bitcoin funds concurrent with a surge in interest rate hike probability

Heavy capital outflow from Bitcoin funds concurrent with a surge in interest rate hike probability
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⚡️ In 3 seconds
An outflow of $1.28 billion from Bitcoin exchange-traded funds over the past week has placed the market on the brink of severe interest rate changes
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📊 Numbers you need to know
• The probability of a Federal Reserve rate hike in December reached 84.4% while the probability of it holding steady is estimated at 15.6%
• Capital outflows from US spot Bitcoin funds reached $1.28 billion, marking the largest weekly outflow since late June
• The October jobs report showed the addition of 165,000 new jobs and a drop in the unemployment rate to 4.1%
• The yield on 10-year US Treasury bonds remains near 4.9%
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🔍 What 90% of the media isn't telling you
Despite the decline in the volatility index and oil prices on Monday, derivatives markets have consistently acted more strictly than the stock market, and tightening fears continue to overshadow the fixed-income sector
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⚖️ Two sides of the coin
🟢 Mild inflation data could reduce the rate hike probability to below 50% and ease the market's downward pressure
🔴 The continuation of hot economic data and rising interest rates sharply increases the opportunity cost of holding non-yielding assets
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🎯 What does it mean for your wallet?
Major financial institutions are lightening their positions, so one must act with extreme caution prior to the release of new inflation data
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💬 Does the cryptocurrency market have the capacity to digest higher interest rates, or is it entering a deeper correction phase?
📌 Send this post to friends who are active in Bitcoin funds so they don't fall behind on the new conditions
#Bitcoin #Federal_Reserve #Interest_Rate #Macro_Economy