Bitcoin swings $2,500 after US CPI release, peaking at $79,800 then falling to $77,300 amid 5% move in 90 minutes.

BTC whale loses $1.6M after $70M long hit at $76,308 during CPI release to $76,046, reopening $13.68M position at $77,875 amid current price at $79253.4.

Core CPI at 2.4% lowest in 66 months lifts Bitcoin, stocks and gold while Fed hike odds reach 85% on supercore heat and Iran oil spike.

Bitcoin order book on Binance shows positioning ahead of Core Inflation and CPI data with 69.4% rate hike odds already priced in at $77737.29.

Bitcoin eyes CPI release as markets dip pre-data. Historical pumps followed June and July prints, with 4h chart showing bearish MACD and $63624.45 price inside Bollinger bands.

ETH at $1869.12 after CPI flips risk-on, signaling BTC bottom and Robinhood chain mania with bullish 4h confluence.

Fed rate hike odds at July 29 meeting plunge to 8% after CPI posts largest monthly decline since April 2020, shifting July FOMC meeting expectations.

As US CPI figures release today, analysts downplay drama, citing slight inflation uptick via Truflation data and focus on expectations over hard numbers.