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Woofun AI data shows that the US CPI for June declined to 3.5%, falling below the 3.8% market forecast. This macroeconomic shift coincided with a 15.54% weekly surge in Brent crude oil due to geopolitical tensions. Risk assets diverged significantly: ETH increased by 3.64% and BTC rose by 1.46%, whereas the Nasdaq index dropped by 4.16%.
Following the CPI release, Bitcoin briefly climbed from $62,000 to $64,900, and ETH spiked 7% to $1,884, resulting in $134 million in short liquidations within an hour. US Bitcoin spot ETFs recorded $191 million in net inflows over two days, halting a ten-day outflow streak. Wintermute notes that a confirmed uptrend requires sustained ETF inflows and Bitcoin holding above $66,000, contingent on oil prices remaining below $90.