By James van Straten (All Times et unless indicated otherwise)
After the unexpectedly high figures of consumer price inflation (CPI) on Wednesday, all eyes now turn to the product price report at 8:30 am
Analysts expect the PPI to reach 3.2%year after year, below 3.3%in December, with a month to month of 0.3%, compared to 0.2%. The central PPI is expected to eliminate volatile food and energy prices, show a underlying inflationary pressure, accelerating to 0.3% from 0% in December. As of January last year, it is seen at 3.3%.
The hottest data than expected could indicate that monetary policy is still too loose, potentially delaying or even eliminating the feat cuts of the Fed this year, against the wishes of President Trump. It is likely that a more restrictive Fed is low for risk assets. On the other hand, the softest inflation data could weaken the dollar and the low yields of the treasure while helping to increase risk assets.
After the IPC data markets were volatile.
Treasury yields increased to 4.6% before retiring slightly. The dollar index (DXY) reflected this movement, increasing to 108.5 before retreating below 108.
Despite the initial sale, the main classes of assets recovered, with Bitcoin (BTC), US actions and gold end the session in green.
Also on the agenda, Coinbase (Coin) reports the profits of the fourth quarter after the market closes. After Robinhood’s strong results, expectations are high and a positive report could provide a boost to the cryptocurrency market. Stay alert!
What to see
- Crypto:
- Macro
- February 13, 8:30 am: The United States Labor Statistics Office (BLS) publishes the Price Index of the January Producer (PPI).
- Core PPI Mom Est. 0.3% vs. Prev. 0%
- Core Ppi Yoy est. 3.3% vs. Prev. 3.5%
- PPI Mom Est. 0.3% vs. Prev. 0.2%
- PPI YOY PRER. 3.3%
- February 13, 8:30 am: The United States Department of Labor is released to the Report of Weekly Claims of Unemployment Insurance for the Week that ended on February 8.
- Initial unemployment claims Est. 215K vs. Prev. 219K
- February 14, 8:30 am: The United States Census Office releases January retail sales.
- Mom estorist sales -0.1% vs. Prev. 0.4%
- Retail sales Yoy Prev. 3.9%
- February 13, 8:30 am: The United States Labor Statistics Office (BLS) publishes the Price Index of the January Producer (PPI).
- Earnings
- February 13: Global Coinbase (Coin), Post-Market, $ 2.11
- February 14: Remixpoint (3825)
- February 18: Coinshares International (CS), before the market
- February 18: Semler Scientific (SMLR), Post-Market
- February 20: Block (XYZ), Post-Market, $ 0.88
Token events
- Government votes and calls
- Curve DAO is voting to increase the 3POOL amplification coefficient to 8,000 days and increase 100%administration rates. To optimize liquidity, as part of an experiment, 3pool will have higher rates, while strategic reserves will offer lower rates.
- Aave Dao is discussing the use of GHO as a gas token in several networks. The frame proposes to use the Canonical Network bridge to Mint Gho directly as a gas token.
- You unlock
- February 14: Sandbox (Arena) will unlock 8.4% of the circulating offer for a value of $ 80.5 million.
- February 16: Arbitrum (ARB) Unlock 2.13% of the circulating offer worth $ 45.1 million.
- February 16: Avalanche (AVAX) Unlock 0.4% of the circulating offer worth $ 42.8 million.
- February 21: Fast Token (FTN) to unlock 4.66% of the circulating offer for a value of $ 79 million.
- February 28: Optimism (OP) to unlock 2.32% of the circulating offer worth $ 34.8 million.
- Lanza Token
- February 13: Ethereumpow (Ethw) and Polygon (MBIC) will no longer be backed in Delibit.
- February 13: History (IP) that will be listed in Bybit, Bitrue, Bitget, Mexc, Kucoin and OKX, among others.
- February 14: The grocery penguins (PEGUM) will be listed in Coinbase, according to a publication shared by the Pudgy Penguins account.
Conferences:
Coindesk’s consensus will be carried out in Hong Kong from February 18 to 20 and in Toronto from May 14 to 16. Use the code code and save 15% in passes.
Derivative positioning
- Financing rates in perpetual futures linked to Sol, TRS, Tron and DOT are still negative, indicating a bias for shorts, the data of the coinglase and veil data show.
- Annualized financing rates in BTC and ETH rondan about 5%.
- The majority of important currencies, excluding BNB, have seen deltas of cumulative volume adjusted by the negative open interest, a sign of net sales pressure, which raises an interrogation sign on the sustainability of the recovery of the CPI after the United States Wednesday.
- BTC and ETH biases are positive in all areas, reflecting a bull bias.
- The flows, however, have been silenced, with some demand for ETH calls from strike out of money, according to the data sources of the Detroit and Paradigm.
Market movements:
- BTC has dropped 1.53% from 4 pm et on Wednesday to $ 96,206.67 (24 hours: -0.02%)
- ETH has dropped 0.23% to $ 2,677.69 (24 hours: +1.79%)
- COINDESK 20 has dropped 0.71% to 3.201.06 (24 hours: +0.66%)
- The reference rate composed of CESR Ether Cesr has dropped from 5 bp to 3.05%
- The BTC financing rate is 0.0005% (0.5606% annualized) in Binance
- DXY has dropped 0.34% to 107.58
- Gold has increased 1.26% to $ 2945.7/oz
- La Plata rises 0.49% to $ 32.85/oz
- Nikkei 225 closed 1.28% to 39,461.47
- Hang Seng closed -0.20% to 21,814.37
- Ftse fell 0.74% to 8,742.63
- Euro Stoxx 50 increased 1.23% to 5.471.99
- Djia closed on Wednesday -0.50% to 44,368.56
- S&P 500 Closed -0.24% at 6,051.97
- Nasdaq closed 0.03% to 19,649.95
- S&P/TSX Compiete Index Closed -0.27% at 25,563.1
- S&P 40 Latina America closed -0.93% to 2.421.78
- The 10 -year Treasury Rate. UU. 2 bp with 4.61% fell
- E-mini s & p 500 futures have not changed to 6,073
- E-mini nasdaq-100 futures rose 0.17% to 21,842.75
- E-mini dow Jones The industrial average of the index of futures has not changed to 44,480
Bitcoin statistics:
- BTC domain: 60.91 (-0.14%)
- Bitcoin Ethereum Relationship: 0.02784 (-0.50)
- Hashrat (seven -day mobile): 802 eh/s
- HASHPRICE (SPOT): $ 53.2
- Total rates: 4.63 BTC / $ 446,657
- CME Futures Open Interest: 166,680 BTC
- BTC with a gold price: 33.1 oz
- BTC vs Gold Market Cap: 9.40 Oz
Technical analysis
- From the crash of January 3, Bitcoin has remained below the simple mobile average (SMA) widely followed by 50 days.
- Now it seems that the price has also dropped under the Ichimoku cloud, which suggests a possible change of bearish impulse.
- This twin breakdown could be emboldened to bears. Immediate support is seen in around $ 90,000.
Cryptographic equities
- Microstrategy (Mstr): closed on Wednesday at $ 326.82 (+2.3%), 0.56% to $ 325 in the previous market.
- Global Coinbase (COIN): closed at $ 274.90 (+3%), an increase of 3.24% to $ 283.8 in the previous market.
- Galaxy Digital Holdings (GLXY): closed at C $ 26.87 (+1.24%)
- Mara Holdings (Mara): closed at $ 16.24 (+1.37%), 0.55% to $ 16,16 in the previous market.
- Riot platforms (Riot): closed at $ 11.16 (+0.18%), 0.54% to $ 11.10 in the previous market.
- Core Scientific (Corz): closed at $ 12.09 (-1.39%), without changes in the previous market.
- CleanSTark (CLSK): closed to $ 10.52 (+2.33%), 0.67% less than $ 10.45 in the previous market.
- Coinshares Valkoie Bitcoin Miners ETF (WGMI): closed at $ 22.73 (+1.75%), without changes in the previous market.
- Semler Scientific (SMLR): closed at $ 47.69 (+1.51%), without changes in the previous market.
- Exodus movement (exod): closed to $ 48.85 (-0.63%), 2.48% more at $ 50.06 in the previous market.
ETF flows
Spot BTC ETF:
- Daily net flow: -$ 251 million
- Cumulative net flows: $ 40.21 billion
- Total BTC holdings ~ 1,174 million.
Spot Eth Ethfs
- Daily net flow: -$ 40.9 million
- Cumulative net flows: $ 3.13 billion
- Total eth holdings ~ 3,788 million.
Source: Farside Investors
Flows during the night
Figure of the day
- Daily negotiation volumes in decentralized exchanges based on pancakeswap have increased to the maximum since the beginning of December.
- The renewed activity partly explains the token jumping of cake to a maximum of two months of $ 3.4.
While you sleep
In the ether
