June 26 News Flash: Inflation Data Bearish, BTC and ETH Plunge Simultaneously

Market Overview
At noon (BTC) $59,680, down 2.37% intraday, testing session lows; (ETH) $1,558, down 3.68% intraday, with a larger pullback. Both major assets have weakened over the past three days, with low market risk sentiment.

Core Reasons for the Decline
U.S. May PCE inflation data exceeded expectations, dampening rate cut hopes and raising the probability of a September rate hike. Combined with today's concentrated expiration of billions of dollars in BTC options, double bearish pressure weighs on the market. The U.S. dollar and Treasury yields rose, with institutions continuing to pull out of crypto assets.

Fund Data
BTC spot ETF saw a single-day net outflow of $469 million, with institutions continuing to reduce positions;
24-hour total liquidations across the network reached $1.46B, with long positions in BTC and ETH accounting for 80% of the liquidations.

Price Action Divergence
BTC's volatility is relatively mild, acting as a market sentiment anchor, with support at $59,000 and resistance at $61,800;
ETH shows stronger elasticity, with larger upside and downside moves than BTC, with key support below at $1,500.#BTC