📊 BTC Bounces on CPI Shock—$14B in Shorts at Risk?

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The most important CPI data of our lifetime (again) came out today, showing a lower-than-expected inflation number of 2.7%. Here are the full numbers for macro enjoyers.

Back to the usual business: BTC dipped right into the area of the CME gap we mentioned yesterday and bounced off nicely on the back of the CPI news. Once again, all possible reasons for being bearish are continuously V-reversed.

Again, all eyes are now on $123k for price discovery, while keeping in mind that a possible retest of recent lows around $110-113k is not off the table (not at all). Nevertheless, even if BTC swiped to $107k, or somewhere in that area on a wick basis and bounced, it’s just another higher low.

We’ll be in September in three weeks. Lower inflation data mean even higher chances for rate cuts than up until now. The positive tailwinds for this market, along with climbing global liquidity, are still very much flowing.

Surely we’re not stopping here, especially for ETH. I mean, look at this chart. Macro, high-timeframe breakouts don’t usually end with a mere 10% pump above previous all-time highs.

That said, I would certainly enjoy the mass amount of shorting bears getting liquidated around $125k, for a nice chunk of $14 billion. Let’s see. Bears aren’t safe.

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The important bits.

• Almanak launches Season 1 point campaign, earn rewards here

• Plasma announces partnership with Pendle, read details here

• Premia published the Monday Alpha newsletter, read here

• PreStocks announces partnership with BirdEye, read here

• PreStocks reached $3M volume and 3,000 users in a few days, stats here

• Fuel Network announces bridging from Base to Fuel, try it here

• Reactor on Fuel Network is launching testnet soon, join here

• Altitude reached $20 million in deposits, try the best borrowing rates here

• GenLayer partners with Caldera, read here

• Giza surpassed $1 billion in agentic volume, details here

• Hyperpie on Hyperliquid launches a yap campaign with Katio, join here

• Flipr bot launches leverage on public beta, try it out here

• Sonic announced $400,000 investment in Silo Finance, read here

• Ethena hints at Hyperliquid spot listing with Hyperunit, see here

• Dinero expands to Solana with pxSOL, announcement here

Even more important bits.

• blocmates published a guide on how to learn vibe coding, read here

• Vitalik Butterin published a new article on “Idea-driven ideas”, read here

• Circle announces launch of their own blockchain, read here

• Nasdaq-listed Safety Shot Inc. announces a Bonk treasury strategy, read here

• Stripe is quietly building Tempo, a new payments-focused blockchain with Paradigm, read here

• Peter Thiel reveals a 7.5% position in ETHZilla, read here

Charts and stats of the day.

• Bonk revenue fell down to $50k a day, full stats here

• Truthflation index shows true inflation in the US at 1.69%, chart here

• Berachain is now the number one chain for inflows on Stargate, full stats here

• Pendle is the fastest-growing project by total-value locked, dashboard here

• Bitcoin fees dropped to 5 BTC/day, chart here

• Total spot ETH ETF volume surpasses $2,725,000,000 today

• Strategy has now $30 billion unrealised gains on BTC, full details here

Telemetry data of the day.

It’s PumpFun time again, especially considering the statistics mentioned above.

• Trending PumpFun, last 24H:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).

Praxis (ZK, privacy)

Limit Break (Gaming)

TonStrat (TON treasury company)

To save you doom scrolling.

Use AI to your advantage, degens.

So far, so good, CPI tailwinds working their wonders as I finish typing this one.

Send it with haste.

stay safe homies,

Hix0n 🫡