$BTC 7.15 Crypto Market Flash News

US June CPI came in broadly below expectations, triggering a short-term recovery rally. BTC is currently at $64,700, up 4% in the past 24 hours. It surged to near the 65,000 key resistance level. ETH rose by over 5%, leading major coins. The market saw a large-scale liquidation of short positions, with total net liquidations across the entire network exceeding $370 million in 24 hours. The scale of short liquidations was significantly higher than long liquidations, and market sentiment rebounded quickly in the short term.
On the macro front, an important turning point has emerged: CPI year-over-year fell to 3.5%, and core inflation dropped to 2.6%. Rate-hike expectations for July slid sharply to around 15%. US Treasury yields and the dollar weakened in tandem, easing valuation pressure on non-yielding crypto assets. In congressional hearing remarks, Fed officials were relatively cautious, noting that inflation has not fully cooled yet, which helped curb overly optimistic market sentiment. Spot ETF inflows returned to net positive, but their sustainability still needs to be watched.
MSTR remains range-bound, and the long-term risk of dumping coins caused by high dividend payments on preferred shares still exists. Geopolitical tensions in the Middle East are volatile and may disrupt risk appetite at any time. Technically, resistance sits at 64,900–65,500, with support at 62,800. The trading approach is not to chase after pumps: place small short positions in the resistance zone, look for a short-term long on pullbacks to support, and set tight stop-loss orders. Only if price breaks out with volume and holds above 65,500 will the rebound trend have a better chance to continue. Watch for more Fed officials’ speeches later tonight.
Risk warning: Crypto assets are highly volatile. This content is for informational reference only and does not constitute investment advice. ‌