The U.S. EIA crude oil inventory data at 10:30 PM tonight showed an actual figure of 6.156 million barrels, while the expectation was only 477,000 barrels. This inventory build is really excessive!
This data is extremely bearish! Demand is weak, and the signals are off; oil prices are definitely going to drop. When the macro situation cools down, we will suffer as well!
$BTC , $ETH just showed some signs of improvement, but it seems like another wave of liquidation is coming! Every time the macro environment is this volatile, small investors panic, some are cutting losses, and some are going all in.
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