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Analysis: Bitcoin Faces Resistance After Touching $72,000, CPI and US-Iran Talks Emerge as Key Variables
Svmuu News Bitcoin has risen nearly 7% since Sunday, with its upward momentum slowing after reaching the $72,000 range, and institutional fund flows remain unclear. The market is focused on two major uncertainties: the US March CPI data (expected to exceed 3% year-on-year, driven by energy prices) and the progress of US-Iran talks over the weekend. The options market shows that while institutions are chasing $80,000 call options on Deribit and call options related to BlackRock's IBIT, they are also maintaining a high proportion of put options to hedge against downside risks. If CPI exceeds expectations, it may reinforce expectations of a Fed rate hike, putting pressure on risk assets including Bitcoin. (CoinDesk)
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Source：Odaily · Source Link
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