Jang Joo-eol Claims 70% Probability of Interest Rate Hike and Prepares for Short Selling

Jang Joo-eol, the founder of B.TOP, stated that he has prepared a short selling position ahead of the release of the U.S. Consumer Price Index (CPI), mentioning the possibility of a deterioration in the indicators. According to BlockBits, Jang claimed that the probability of an interest rate hike by the Federal Reserve has risen to 70% following the latest release of the U.S. Producer Price Index (PPI). He said, "I expect tomorrow's CPI data to also be unfavorable, and I have prepared for short selling." This statement reflects an individual's market outlook and trading plan, and does not represent an official economic forecast or institutional investment opinion. The PPI measures price changes from the perspective of producers, while the CPI measures price changes for goods and services purchased by consumers. The basis for the 70% probability of an interest rate hike, as well as the size and timing of the positions Jang is preparing, have not been disclosed. There have been past instances where interest rate forecasts and Bitcoin price reactions did not move in the same direction immediately following CPI announcements. The actual CPI results and subsequent market reactions will be confirmed after the indicator is released.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.