📊How did the market react after PPI releases this year?

January 14 - $BTC -12%
January 30 - $BTC -29%
February 27 - $BTC -7.7%
March 18 - $BTC -12.9%
April 14 - $BTC +12.3%
May 13 - $BTC -27%
June 11 - $BTC +9.3%

In almost every case, except April, inflation came in above or significantly above expectations, and the market reacted with a sell-off.

The only real exception was June, when $BTC moved higher instead.

So PPI remains one of the key macro events to watch, especially while the market is still sensitive to inflation data.📉

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