Daily News || Bitcoin Eyes $116k as CPI Looms; Markets Boosted by Soft Inflation
BTC stabilizes above $114k while U.S. PPI cools, oil climbs on geopolitics
🪙 Crypto Market
Bitcoin has cleared recent resistance and is consolidating above $114,000, with the key daily close at $112,600 finally achieved. This breakout removed many stop zones, leaving the next liquidity cluster around $115k.
The broader setup resembles a bullish Wyckoff-style reaccumulation, suggesting upside toward $115k–119k before a corrective pullback. A rejection near $116k could send BTC back to the $112k–111k zone, while sustained momentum could push it directly toward higher targets in the coming weeks.
Market structure also shows a divergence: USDT dominance is breaking lower—a typically bullish signal for BTC and total crypto market cap. On-chain metrics highlight aggressive buying from top traders, with margin data pointing to the strongest positive spread of the year. Historically, such conditions often precede large upside moves after brief consolidation.
Overall, the medium- and long-term bias remains bullish, but short-term volatility hinges on today’s CPI release. A soft print could unlock a run toward new cycle highs, while a hot number risks delaying the breakout.
🌍 Global Macro & Markets
Geopolitics resurfaced after Russian aircraft violated Polish airspace, prompting Warsaw to invoke NATO’s Article 4 consultations. Meanwhile, the EU unveiled its 19th sanctions package, targeting Russia’s shadow fleet and energy transfers. Tensions in the Middle East also flared after Israeli strikes on Hamas-linked figures in Qatar, raising regional risk premiums.
In commodities, Brent crude climbed 1.5% to $67.9 on supply fears tied to sanctions and Gulf instability. Silver also gained as softer U.S. data supported precious metals.
On the U.S. side, PPI unexpectedly fell -0.1% m/m, reinforcing the view that inflation pressures are cooling. Core PPI eased to 2.6% y/y, boosting bets for Fed rate cuts. President Trump even called for “large-scale” easing, further feeding dovish sentiment. Treasury yields responded, with the 10Y dropping to 4.04%, while equities advanced—helped by strong AI-linked earnings from Oracle.
FX markets were mixed: DXY closed at 97.8, EUR/USD slipped toward 1.17, and USD/JPY edged higher at 147.46. Traders now await today’s CPI print and jobless claims, which will shape the Fed’s near-term policy path and risk appetite across markets.
📌 Key Takeaways
Bitcoin holds $114k, with eyes on $115k–116k cluster; rejection could mean a retest of $112k.
Wyckoff-style reaccumulation hints at potential run toward $119k before correction.
USDT dominance breakdown and margin flows support a bullish crypto outlook.
U.S. PPI undershot expectations, fueling rate cut bets; CPI release today is critical.
Oil rises on Russia sanctions and Middle East tensions; yields fall as inflation cools.
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