Bitcoin remains near $64k as July PPI is flat and CPI is in-line, with Glassnode noting absent buyers in a subdued tape.
Bitcoin dips below $64k after July CPI of 3.4% matches forecasts, with analysts arguing the print buys the Fed time rather than signaling conviction.
K33 flags Bitcoin perpetuals in a 'hibernation' state with three-year-low activity but elevated open interest ahead of the US CPI release, signalling potential sharp liquidations on surprise data.
Headline notes US CPI at 4.2%, a key inflation datapoint with potential market and policy implications.
Subscribe for real-time ticker updates and unlimited access to our intelligence platform.