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Speaker 1: Before I get to the calendar, there's a risk building inside the market itself, and it's

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Speaker 1: the one to watch over the next 24 to 72 hours. Since this morning's hot inflation report,

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Speaker 1: traders have been piling back in to push Bitcoin higher, but they're doing it with borrowed

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Speaker 1: money in the futures market instead of buying actual Bitcoin. More than $1 billion in new

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Speaker 1: futures bets, roughly 12 ,000 Bitcoin worth, opened up in the hours after the report, while

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Speaker 1: the price kept sliding from about $83 ,900 to $81 ,700. And traders are still paying a

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Speaker 1: premium to stay long. That is a fragile kind of market. When too many traders are leading

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Speaker 1: the exact same way with leverage and price moves against them, their positions get forced

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Speaker 1: closed. And those forced sales knock the price lower. That sets off the next round of

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Speaker 1: forced sales. It's the exact same chain reaction that wiped out $800 million this week when

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Speaker 1: we rejected 87K. And it's exactly how a final flush toward the low $70 ,000 range could

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Speaker 1: happen fast with no news needed at all.