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Profit Block
$BTC Stalls Below $86K as PCE Data Clouds the Inflation Outlook.
Bitcoin slipped back after briefly rallying on softer-than-expected PCE inflation, leaving $BTC stuck above $83K.
The 3.4% YoY PCE reading looked bullish at first, but methodology changes made the inflation signal harder to interpret.
Meanwhile, BTC is still 35% above its August low, while Bitcoin-denominated open interest has dropped nearly 20%, pointing to growing trader caution.
#RateHikeDelayedJobsNext
#BTCInflowETHOutflow
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