GM Zella fam 🟠
Inflation showed up hotter than expected this week, and Bitcoin took it personally. Grab a coffee, this one’s worth 5 minutes. ☕
Here’s what we’re cracking today:
🔥 Hot inflation drags Bitcoin to a 3-month low
🧠 Why even the miners are selling
📈 The ETF number every bull is watching
⚡ Quick hits + 🎯 today’s Zella quiz
📊 Market pulse
Bitcoin: ~$73,600 (lowest zone since August)
Ethereum: ~$2,060
Total crypto market cap: ~$2.44 trillion
BTC dominance: ~60.5%
Fear & Greed: 28 (Fear)
Prices as of Thursday morning, November 12.
CAN YOU PREDICT THE PRICE?
🔥 Hot inflation drags Bitcoin to a 3-month low
Tuesday’s US inflation report (CPI) came in hotter than expected. Prices rose 0.4% in October versus the 0.3% economists forecast, and core inflation (which strips out food and energy) rose 0.3% versus 0.2%.
Bitcoin didn’t like it. Within an hour it slid to about $72,800, its lowest level since August, and roughly $632 million in leveraged crypto bets were wiped out, most of them betting on higher prices.
Why does inflation hit Bitcoin? Hot prices mean the Fed is more likely to raise rates in December. Higher rates push up bond yields (the 10-year briefly topped 5%) and strengthen the dollar, which makes a no-yield asset like Bitcoin less attractive.
Bottom line: $73,000 is the line to watch. Hold it and BTC can bounce back toward $75K. Lose it and traders are eyeing $70,000 next. 🎯
🧠 Why even the miners are selling
Big Bitcoin miner MARA sold 13,597 BTC to fully pay off $750 million in Bitcoin-backed loans. When the companies that produce Bitcoin start selling it to clear debt, the market notices.
It’s not just miners. The total supply of stablecoins (the “dry powder” traders use to buy crypto) fell by about $14.2 billion in 30 days, the biggest drop since 2022. Less cash on the sidelines means less fuel for a rally.
Bottom line: Sellers are still in control for now. A real recovery likely needs fresh money flowing back in, through ETFs and stablecoins, not just a bounce in price. 👀
📈 Zella signal: ETF flows
Spot Bitcoin ETFs are the clearest window into what Wall Street is doing with BTC right now.
Latest: about −$95M on Nov 10, the fourth straight day of outflows.
Last week: −$1.28B, the heaviest weekly outflow since June, pushing ETF flows for 2026 into negative territory.
🐂 Bullish if: we get a few green days in a row. That would signal institutions are buying the dip.
🐻 Bearish if: outflows keep coming while BTC sits under $75K.
⚡ Quick hits
🏦 Deutsche Bank has gone live with crypto custody for institutions, holding Bitcoin, Ether and selected stablecoins. Read more
🪙 21 banks reportedly committed about $270M to a joint dollar stablecoin project. It still has no CEO and no name. Read more
🏛️ Elizabeth Warren is set to chair the Senate Banking Committee after Democrats won both chambers of Congress. Read more
⚠️ LNbits (Lightning wallet software) shipped an emergency update after attackers drained funds from older servers. Read more
🎯 Zella quiz
What does “CPI” stand for?
A) Crypto Price Index
B) Consumer Price Index
C) Central Policy Indicator
D) Core Purchase Index
Answer at the bottom of this email. 👇
HOW DID WE DO? 🤷
Quiz answer: B) Consumer Price Index. It tracks how much everyday prices are rising, and it’s one of the main numbers the Fed watches before deciding on interest rates.
💬 Hit reply and tell us: are you buying this dip or waiting for $70K? We read every reply.
That’s a wrap for today. Stay sharp, stay humble, and we’ll see you next time. 🟠
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results
