BTC now trades near $71K, losing the 200-day SMA ($73K). - October CPI came in hot (headline +0.4%, core +0.3%), lifting December rate-hike odds to about 99%. - MSCI confirmed Strategy’s removal from its indexes, effective Nov 30. - US spot BTC ETFs recorded five straight days of outflows, totaling about $1.44B. A quick reclaim of 200-day SMA is still possible The 200-day SMA is only 2.8% above the price, and BTC has been moving 4–5% in a day. With the December hike nearly fully priced, a soft PPI today could spark a fast short-covering rally back above it. Without a reclaim, the next major support is $68K–$70K: - $70K: key psychological level - $69.5K: 61.8% retracement of the June–September rally - $68K: 200-week SMA, the bear market floor BTC #Bitcoin #PPI