🚨 U.S. October inflation came in above expectations. Monthly CPI: 0.4%, expected 0.3%, previous month 0.6%. Core CPI: 0.3%, expected 0.2%. Probability of a rate hike in December is in the 85-90% range. Fed member Waller previously stated that if core CPI came in at 0.3% or higher, a 50-basis-point hike should also be considered. Today, core CPI came in exactly at 0.3%. Bitcoin dropped to $73,500 after the data release. Over $1 billion in liquidations occurred since the weekend, and last week saw $1.28 billion in outflows from spot ETFs. Where do you think the direction is heading until the next rate decision?
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