BREAKING
152d 0h ago

Bitcoin Drops 9–13% After Recent CPI Prints — Markets Eye US August CPI (2.9% Expected) Tonight 20:30 Beijing Time

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

COINOTAG reports that the US August CPI will be released on September 11 at 20:30 Beijing time. Market consensus points to a non-seasonally adjusted CPI year‑on‑year reading near 2.9%. As a marquee macro release, the US CPI print directly informs inflation expectations and monetary policy pricing, making it a focal point for traders across asset classes including the crypto market.

Notably, following the three most recent CPI releases (June–August), Bitcoin recorded drawdowns in the range of 9–13%. These observed moves highlight elevated volatility around inflation data; market participants are advised to monitor the CPI outcome alongside other macro indicators to calibrate position sizing and risk management, avoiding attribution of causation to short‑term price dynamics.

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