CPI Surprise, Jobs Shock Send Bitcoin to $115K as ETFs Pour In
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CPI Surprise, Jobs Shock Send Bitcoin to $115K as ETFs Pour In
Key Takeaways
- U.S. August CPI came in hotter than expected at 2.9% year-over-year and 0.4% month-over-month, but a surge in weekly jobless claims reinforced rate-cut odds.
- Bitcoin spot ETFs recorded $553 million net inflow (4th straight day), while Ethereum spot ETFs posted $113 million net inflow (3rd consecutive day).
- Wallets holding 100 – 1,000 BTC added roughly 65,000 BTC over the past seven days (30-day net +93,000 BTC), now having a record 3.65 million BTC.
- BTC tested then reclaimed $115,000 (currently ~$115,505); key resistance at $116,300; downside liquidity remains concentrated near $110,000–$107,000.
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