Svmuu News: Currently, Bitcoin risk appetite in the derivatives market has weakened significantly; investors are paying high premiums to hedge against downside risks, and overall market sentiment has approached panic levels.Institutional analysts note that the key catalyst for a short-term market rebound will be the release of the U.S. May core PCE price index at 8:30 a.m. Eastern Time.
The market consensus forecast is for a 3.4% year-over-year increase in the May core PCE, a slight rise from April’s 3.3% and the highest level since late 2023.As a key inflation indicator monitored by Federal Reserve, if the actual data comes in below market expectations, it will reinforce the market’s view that inflation is continuing to cool, reducing the likelihood of further rate hikes by Federal Reserve. Improved liquidity expectations are expected to rapidly restore sentiment toward risk assets such as Bitcoin, sparking a sentiment-driven rebound. (Coindesk)