Chloe (@ChloeTalk1), HTX DeepThink columnist and HTX Research analyst, notes that this week’s U.S. May CPI release and the $22 billion 30-year Treasury bond auction could be pivotal for the crypto market. Core CPI is expected to rise 0.3% MoM and 2.9% YoY, well above the Fed’s 2% target. If the data comes in hotter than expected, it could dampen hopes for a September rate cut and trigger volatility.
On the bond front, concerns are mounting over weak demand due to widening fiscal deficits and policy uncertainty. The 30-year yield remains elevated at 4.94%, and a weak auction could tighten liquidity and weigh further on risk assets.
Options market signals suggest investors are shifting to a more defensive posture. Bitcoin options volatility rose to 48%, and the Put/Call ratio climbed to 0.68, indicating growing demand for downside protection. Of particular note is the spike in trading activity around BTC put options expiring June 14 with a strike price of $105,000, which is a key short-term sentiment indicator.
*The above content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.
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