New inflation numbers just published this morning. They are even higher than the last numbers. 40 year high. This means the Fed is going to continue their "quantitative tightening", where they raise interest rates further and sell off some of the assets on their balance sheet. That will likely induce a steep recession, which will cause demand destruction (and thus reduce inflation). It's like doing brain surgery by beating the patient with a frying pan.
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Celsius just sent a bunch of BTC to an exchange, which indicates they are nearing insolvency and need to quickly cash out to sustain their ponzi a little longer (but this never works, as you know). We will likely see BTC wick lower while they dump, but there's also huge demand waiting in the lower 20k's region.
https://twitter.com/Pentosh1/status/1536130691578089475?t=Lhx7R0ZMk2NUNNNCithmkA&s=19
https://twitter.com/Pentosh1/status/1536130691578089475?t=Lhx7R0ZMk2NUNNNCithmkA&s=19
Twitter
Pentoshi 🔺Flightless Bird
Celcius sending 95m in $BTC to FTX etherscan.io/tx/0xa22918357… h/t @lightcrypto
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