November 10 | Blockchain Daily: CPI Exceeds Expectations, BTC Drops Below $74,000 October CPI at 0.4%, higher than the expected 0.3%; core CPI at 0.3% also exceeded forecasts, significantly increasing the probability of a Fed rate hike in December. BTC briefly fell to around $73,400 and is now trading near $73,000, with nearly $1 billion in liquidations over the past 24 hours—of which $888 million were long positions. But buying pressure hasn’t stopped: Strategy purchased another 1,037 BTC last week; Trump Media bought 1,510 BTC net in Q3, bringing its total holdings to 15,649 BTC, with 73% of its holdings staked for options income; JPMorgan has for the first time included BTC in its long-term allocation, forecasting an annual return of 10% by 2036. My take: Short-term price pressure stems from the CPI data and rising rate hike expectations. While institutions are withdrawing, large holders are stepping in. Whether $73,000 holds depends on whether ETF inflows rebound tonight. Witness BTC surpass $1 million by the end of 2033. #BTC #CPI