Based on Bijié Wǎng, market participants are cautiously awaiting the U.S. PPI data release on November 25, with expectations of a 2.7% year-over-year increase in both overall and core data. Bitcoin faces downward pressure, with order books showing strong seller liquidity between $80,000 and $90,000. Whale activity has decreased, with large buyers (between $1M and $10M) continuing to sell, while mid-sized buyers are reducing positions. If the PPI data exceeds 2.7%, Bitcoin may approach the $80,000 support level; a weaker reading could see a retest of the $90,000 to $92,000 range, though whale selling remains ongoing.
Bitcoin Liquidity Drops Ahead of U.S. PPI Data as Whale Selling Intensifies
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