Hello readers,

For two months now, BTC has been trading in a range-bound pattern between $86-$94k.

As this plays out, we’re observing muted demand from ETFs and a churning onchain capital base. Meanwhile, the CPI numbers came in yesterday lower than the market was anticipating.

What does it all signal for the next move in the crypto markets? We explore the current setup in this week’s report.

Disclaimer: Views expressed are the author’s personal views and should not be relied upon as investment advice.

Let’s go.

December CPI