PILTR

$ETH trade update Thesis unchanged. Letting the remaining 30% run into full TP. Trade has done exactly what I wanted it to do since the 6 May entry. Anyone still holding this one from when we caught it on May 6th? 👀

$BTC scaled > Manually managed the position and scaled a bit into the bounce. > Average short entry is now slightly lower. > Simply playing the current imbalance lower. Nothing has changed structurally. Staying patient.

$BTC CPI came in significantly cooler than expected. > Core CPI and headline CPI both missed to the downside. > Supports the case for earlier/more Fed rate cuts. > Bearish for the USD, bullish for risk assets. Initial reaction favors BTC & equities, assuming the move isn’t already fully priced in -> waiting for stabilization before taking action -> out on $ETH on entry with profits

$BTC | CPI day Today’s main event is US CPI. Historically, CPI prints have leaned bearish for BTC this year, although every release is obviously context-dependent -> after deviation from expectations, positioning is aggressively hunted. acceptance is built afterwards More recently, labor market data has pointed toward a softer economy, reinforcing expectations for eventual Fed easing. Bullish for risk assets: > CPI comes in below expectations (especially Core). -> Weaker inflation -> weaker USD -> more room for rate cuts -> supportive for BTC & equities. Bearish for risk assets: > CPI comes in above expectations. -> Sticky inflation -> stronger USD -> fewer/delayed rate cuts -> headwind for BTC & equities. Expect elevated volatility around the release. Stay reactive. -> positions are secured. main plan remains the same

$BTC daily plan > We managed to hold the 1H OB and reclaimed the mVWAP, which is constructive in the short term. > From a purely structural perspective, there’s room for a corrective move into my correction zone before I’d expect renewed downside pressure. > First resistance sits at the pdVAH, followed by my correction box. That’s where I’ll be watching for acceptance or rejection. > We also left a set of equal lows on the local structure. -> weak > Today is all about the CPI print. I expect elevated volatility Staying reactive

$BTC daily plan > We managed to hold the 1H OB and reclaimed the mVWAP, which is constructive in the short term. > From a purely structural perspective, there’s room for a corrective move into my correction zone before I’d expect renewed downside pressure. > First resistance sits at the pdVAH, followed by my correction box. That’s where I’ll be watching for acceptance or rejection. > We also left a set of equal lows on the local structure. -> weak > Today is all about the CPI print. I expect elevated volatility Staying reactive

$BTC daily plan > We managed to hold the 1H OB and reclaimed the mVWAP, which is constructive in the short term. > From a purely structural perspective, there’s room for a corrective move into my correction zone before I’d expect renewed downside pressure. > First resistance sits at the pdVAH, followed by my correction box. That’s where I’ll be watching for acceptance or rejection. > We also left a set of equal lows on the local structure. -> weak > Today is all about the CPI print. I expect elevated volatility Staying reactive

$ETH trade update Thesis unchanged. Letting the remaining 30% run into full TP. Trade has done exactly what I wanted it to do since the 6 May entry. Anyone still holding this one from when we caught it on May 6th? 👀

$BTC Liquidity update > Long/Short liq imbalance has flipped: 209 long vs. 380 short levels (Δ -171), roughly $4B skew. Not an extreme imbalance, but shorts are now the side at greater risk. > Biggest liquidity currently sits above the equal highs. If we rotate higher, 65.1k and 66.4k stand out as the primary magnets, both holding >$250M in liquidity. > Below price, the next major liquidity pool remains around 61.5k. > Short-term clusters are well defined on both sides. Liquidity is dense just above 65k, but also directly beneath current price. > With CPI due later today, short-term positioning is vulnerable. I wouldn't put too much weight on nearby liquidity alone until the data is out. More detailed thoughts on positioning later today.