BTC EYES PPI for Post-CPI guidance on bold rate action

By James Van Straten (all times one unless otherwise stated)

After Wednesday’s unexpected high consumer price inflation (CPI) numbers, all eyes are now turning to that products,

Analysts expect the PPI year before to enter 3.2%, under December’s 3.3%, by one month to month reading of 0.3%, increased from 0.2%. Core PPI, which stripes out fleeting food and energy prices, is expected to show underlying inflation pressure accelerating to 0.3% from 0% in December. From January last year, it will be easier to 3.3%.

Data that are warmer than expected can signal that monetary policy remains too loose, potentially delayed or even eliminating feed cuts this year against President Trump’s wishes. A more restrictive fat is likely to be bearish for risk assets. On the other hand, softer inflation data could weaken the dollar and lower treasury outcome while helping to increase the risks.

After the CPI data markets were volatile.

Treasury yield rose to 4.6%before withdrew a little. The dollar index (DXY) mirrored this movement and spiked at 108.5 before withdrew under 108.

Despite the preliminary sales, rebound, with Bitcoin (BTC), US stocks and gold that ended the session in the green.

Also on the agenda, Coinbase (COIN) reports in the fourth quarter earnings after the market closes. Following Robinhood’s strong results, expectations are high and a positive report can provide a boost to the cryptocurrency market. Stay aware!

What to look at

  • Crypto:
  • Macro
    • February 13, 8:30: The US Bureau of Labor Statistics (BLS) releases January’s producer Price Index (PPI) report.
      • Core PPI Mom est. 0.3% vs. Prev. 0%
      • Core ppi yoy est. 3.3% vs. Prev. 3.5%
      • PPI MOM est. 0.3% vs. Prev. 0.2%
      • PPI Yoy Prev. 3.3%
    • February 13, 8:30: The US Department of Labor releases unemployment insurance’s weekly requirements for the week, which ended February 8.
      • Initial unemployed claims est. 215k vs. Prev. 219k
    • February 14, 8:30: The US Census Bureau releases January’s retail data.
      • Retail Sales Mother Est. -0.1% vs. Prev. 0.4%
      • Detail Sale Yoy Prev. 3.9%
  • Earnings
    • 13th February: Coinbase Global (Coin), Post-Market, $ 2,11
    • February 14: Remixpoint (3825)
    • February 18: CoinShares International (CS), Pre-Market
    • February 18: Semler Scientific (SMLR), Post-Market
    • February 20: Block (XYZ), Post-Market, $ 0.88

Token -events

  • Management votes and calls
    • Curve DAO is voting on rising 3pool’s reinforcement coefficient to 8,000 over 30 days and raising administrator fees to 100%. To optimize liquidity as part of an experiment, 3pool will have higher fees, while strategic reserves will offer lower fees.
    • Aave Dao discusses with the help of GHO as a gas token across different networks. The frame suggests using the canonical network bridge for coin gho directly as a gas token.
  • Unlock
    • February 14: The sandbox (sand) to lock 8.4% of circulating supply worth $ 80.5 million.
    • February 16: Arbitum (Arb) to lock 2.13% of circulating supply worth $ 45.1 million.
    • February 16: Avalanche (Avax) to lock 0.4% of circulating supply worth $ 42.8 million.
    • February 21: Quick token (FTN) to lock 4.66% of circulating supply worth $ 79 million.
    • February 28: Optimism (OP) to lock 2.32% of circulating supply worth $ 34.8 million.
  • Token launches
    • February 13: Ethereumpow (ETHW) and Polygon (Matic) until no longer supported by derivative.
    • February 13: History (IP) to be performed on Bybit, BitRue, Bitget, Mexc, Kucoin and OKX, among others.
    • February 14: Pudgy Penguins (Pengu) to be listed on Coinbase, according to a post shared by the Pudgy Penguins account.

Conferences:

Coindesk’s consensus about taking place in Hong Kong on 18-20. February And in Toronto on 14 to 16 May. Use the code’s diary and save 15% on passports.

Derivatives Location

  • Financing rates in eternal futures tied to sun, trs, throne and dot remain negative, indicating a bias for shorts, data from coinglass and Velo data show.
  • Annual financing rates in BTC and ETH Hover near 5%.
  • Most larger coins, excluding BNB, have seen negative open interest-adjusted cumulative volume deltas, a sign of net sales pressure that raises a question of the sustainability of Wednesday’s CPI recovery after-USA.
  • BTC and ETH opportunities SKOVER are positive everywhere, reflecting a bull bias.
  • However, currents have been muted, with some demand for out-of-the-money higher strike ETH calls, according to data sources, derived and paradigm.

Market Movement:

  • BTC has fallen 1.53% from 1 p.m. 16 A Wednesday to $ 96.206.67 (24 Hours: -0.02%)
  • ETH has fallen 0.23% of $ 2,677.69 (24 hours: +1.79%)
  • Coindesk 20 has dropped 0.71% to 3.201.06 (24 hours: +0.66%)
  • Ether Cesr Composite Staking Rate has dropped 5 BPS to 3.05%
  • BTC financing rate is 0.0005% (0.5606% annual) on Binance

Coindesk 20 Index Performance (Coindesk -indexes)

  • DXY is down to 0.34% at 107.58
  • Gold has risen 1.26% of $ 2945.7/OZ
  • Silver has increased 0.49% to $ 32.85/OZ
  • Nikkei 225 closed 1.28% at 39,461.47
  • Hang bed closed -0.20% at 21,814.37
  • FTSE has dropped 0.74% at 8,742.63
  • Euro Stoxx 50 has risen 1.23% to 5,471.99
  • Djia closed Wednesday -0.50% at 44,368.56
  • S&P 500 CLOSED —0.24% at 6.051.97
  • NASDAQ closed 0.03% at 19,649.95
  • S&P/TSX Composite Index closed -0.27% at 25,563.1
  • S&P 40 Latin America closed -0.93% at 2,421.78
  • US 10-year-old Treasury dropped 2 bps on 4.61%
  • E-MINI S&P 500 Futures are unchanged to 6.073
  • E-MINI NASDAQ-100 FUTURES have increased 0.17% at 21,842.75
  • E-MINI DOW JONES INDUSTRIAL AVERAGE Index Futures are unchanged at 44,480

Bitcoin -Statistics:

  • BTC Dominance: 60.91 (-0.14%)
  • Ethereum to Bitcoin ratio: 0.02784 (-0.50)
  • Hashrate (seven-day sliding average): 802 EH/S
  • Hashprice (Spot): $ 53.2
  • Total fees: 4.63 BTC / $ 446,657
  • Cme futures open interest: 166,680 BTC
  • BTC priced in gold: 33.1 oz
  • BTC VS GOLD MARKET CAP: 9.40 OZ

Technical analysis

BTC's daily price diagram. (TradingView/Coindesk)

BTC’s daily price diagram. (TradingView/Coindesk)

  • Since January 3, Bitcoin has been under the widely traced 50-day simple sliding average (SMA).
  • It seems that the price is also dipped under the Ichimoku cloud, which suggests a potential bearish momentum change.
  • This double distribution could the embollements bears. Immediate support is seen at about $ 90,000.

Crypto shares

  • Microstratey (Mstr): Closed Wednesday of $ 326.82 (+2.3%), dropped 0.56% to $ 325 in the pre-market.
  • Coinbase Global (Coin): Closed to $ 274.90 (+3%), an increase of 3.24% to $ 283.8 in the pre-market.
  • Galaxy Digital Holdings (GLXY): Closed to C $ 26.87 (+1.24%)
  • Mara Holdings (Mara): Closed to $ 16.24 (+1.37%), dropped 0.55% to $ 16.16 in the pre-market.
  • Riot Platforms (Riot): Closed to $ 11.16 (+0.18%), dropped 0.54% at $ 11.10 in the pre-market.
  • Core Scientific (Corz): Closed to $ 12.09 (-1.39%), unchanged in the market.
  • Cleanspark (CLSK): Closed to $ 10.52 (+2.33%), dropped 0.67% to $ 10.45 on the market.
  • COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 22.73 (+1.75%), unchanged in the pre-market.
  • Semler Scientific (SMLR): Closed to $ 47.69 (+1.51%), unchanged on the market.
  • Exodus Movement (2.

Etf is flowing

SPOT BTC ETFS:

  • Daily Net Tream: -$ 251 million
  • Cumulative net streams: $ 40.21 billion
  • Total BTC holdings ~ 1,174 million.

SPOT ETH ETFS

  • Daily Net Tream: -$ 40.9 million
  • Cumulative net streams: 3.13 billion dollars
  • Collected ETH holdings ~ 3,788 million.

Source: Father’s page -Investors

Flows overnight

Top 20 Digital Enable Prices and Quantities

Today’s chart

Pancakeswap: Daily DEX Volumes. (Artemis)

Pancakeswap: Daily DEX Volumes. (Artemis)

  • Daily trade volumes in decentralized exchanges based on Pandakewap have risen to the highest since the beginning of December.
  • The renewed activity explains partially cake token’s jump to a two-month height of $ 3.4.

While you were asleep

In ether

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PPI comes in today
EF Treasury inserted
Hyperliquid's monthly trade volumes up more than 4x since October
If the remaining BTC still needs to be extracted had a 'market capital', they would be the fifth largest digital asset.

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