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đš Tomorrow's CPI report (8:30 AM ET) could be a major catalyst for Bitcoin.
Last month, hotter-than-expected inflation triggered heavy selling in Spot Bitcoin ETFs, with over $5.4 billion in net outflows since the release.
Current consensus forecasts:
âą Headline CPI: 4.2% (up from 3.8%)
âą Core CPI: 2.9% (up from 2.8%)
A CPI reading at or above expectations could strengthen concerns that the Fed may keep rates higher for longer, or even consider additional tightening.
A softer-than-expected print would likely support risk assets, although most analysts currently do not expect inflation to cool meaningfully.
The report comes just days before the June 16-17 FOMC meeting, where markets are pricing in a near-certain pause in interest rates.#AISuperIPOSeason #DailyOrbit $BTC $ETH #DailyOrbit

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