However, it’s different this time in that one bullish crypto trader took a long position ahead of the release of the September consumer price index (CPI) data scheduled for 8:30 AM EST on Oct. 24.<\/p>\n
A key indicator of inflation, CPI\u00a0measures the average change in prices consumers pay for goods and services.<\/p>\n
A macroeconomic indicator, it also affects the crypto markets.<\/p>\n
A hike in CPI translates into rising inflation and traders can take a flight to assets like Bitcoin that are considered hedge against inflation. A drop in CPI translates into cooling inflation and traders tend to stick to traditional instruments like stocks, bonds, etc.<\/p>\n
As per the BLS<\/a>, CPI rose 0.3% in September and 3%\u00a0year-over-year (YoY).\u00a0Excluding the volatile food and energy components, the CPI rose 0.2% in the last month and 3%.<\/p>\n Trump earlier posted on Truth Social<\/a>,<\/p>\n “THE UNITED STATES IS WEALTHY, POWERFUL, AND NATIONALLY SECURE AGAIN, ALL BECAUSE OF TARIFFS! THE MOST IMPORTANT CASE EVER IS IN THE UNITED STATES SUPREME COURT. GOD BLESS AMERICA!!!”\u00a0<\/strong><\/p>\n<\/blockquote>\n This is the first major economic data release after the U.S. government shutdown.<\/p>\n The on-chain analytics platform Lookonchain reported on X<\/a> that a crypto whale\u00a0with a 100% win rate took long positions on\u00a0Ethereum<\/a> (ETH) and\u00a0Bitcoin<\/a> (BTC).<\/p>\n As per latest HyperDash data<\/a>, the trader has\u00a0increased his long position to 33,270 ETH worth $132 million and opened a\u00a0a four times leveraged long position on 680 BTC worth $75.8 million.<\/p>\n So far, the trader has made a total profit of $16.5 million.<\/p>\n The softer-than-expected inflation triggered a modest rally in the crypto market. The\u00a0total market cap rose to\u00a0$3.76 trillion at the time of writing, up 2.5% in the last 24 hours.<\/p>\n BTC was up 2.2% in a day and was trading at $111,521.60. ETH was trading at $3,973.03, up 3.11%.<\/p>\n Solana<\/a>\u00a0gained 2.77%\u00a0in the last 24 hours\u00a0to trade at $194.07.\u00a0The sixth-largest cryptocurrency in terms of market cap, Solana is among the leading blockchains. The network\u2019s builders and investors are expected to come together at the Solana Breakpoint<\/a> in Abu Dhabi in a few weeks when they will explore key strategic and operational concerns at the annual developer and ecosystem conference.<\/p>\n Related: Whale bags $160M by shorting ahead of Trump\u2019s China tariff<\/a><\/strong><\/p>\n This story was originally reported by TheStreet<\/a> on Oct 24, 2025, where it first appeared in the Federal Reserve & FOMC News<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Crypto traders are well-known for making smart moves ahead of key macroeconomic announcements. Of late, we have seen…\n","protected":false},"author":3,"featured_media":330569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,13324,79,5005,67,132,68],"class_list":{"0":"post-330568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-cpi","10":"tag-economy","11":"tag-president-donald-trump","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115432512936830685","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/330568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=330568"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/330568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/330569"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=330568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=330568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=330568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
<\/a> <\/p>\n