BIT: Bitcoin faces triple hedging pressures, and today’s CPI data will be the first key test point

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ME News Report, June 10 (UTC+8), BIT released a chart today indicating that ahead of tonight's U.S. CPI data release, Bitcoin is hovering around $60,000, with market sentiment cautious. Investors are simultaneously digesting signs of loosening in AI-themed trading and geopolitical tensions reigniting around the Iran conflict. We previously warned of inflation risks after last month's report, and since then Bitcoin has experienced a correction, indicating that the market is gradually realizing: higher inflation will exert sustained pressure on this asset. The options market further confirms this growing cautious sentiment. The implied volatility of put options remains higher than that of call options, driving the skew of options volatility into negative territory, even falling below levels seen during the peak of Iran conflict tensions. Currently, Bitcoin faces triple hedging pressures: - Sticky inflation; - Declining risk appetite for AI-related assets; - Geopolitical uncertainty. Tonight's CPI data will be the first key test point. But ultimately, these three main themes are highly interconnected. (Source: ODAILY)
BTC-2.34%
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