📊 Market Update - Feb 13
US CPI just dropped: 2.4% YoY, below the 2.5% consensus. Monthly at +0.2% vs +0.3% expected. Lowest inflation since May. BTC jumped 3% on the print, before retracing. Rate cut bets are back on the table.
⛓️ Meanwhile, BIP 360 was merged into the official BIP repository this week. The proposal introduces Pay-to-Merkle-Root (P2MR), a new output type designed to quantum-harden Bitcoin. Still early stage, but a strong signal that Bitcoin is proactively addressing the quantum threat - potentially removing one of the last institutional hesitation points.
Here's what's happening on LN Markets ⚡
🐂 Bulls still in control → 73% long by volume today. Down slightly from yesterday's 79%, but conviction remains firmly on the buy side. Softer CPI could fuel the next leg up.
🦾 Open interest holding strong → 91% long across open positions. The believers haven't budged.
😱 Fear & Greed: 9. Deep in extreme fear territory. For context, the index hit 5 earlier this week - levels not seen since the 2018 bear market and the COVID crash.
CPI surprise. Quantum FUD getting addressed. LN Markets traders buying while the market panics. Contrarians are loading up.
