On June 10, the US Bureau of Labor Statistics reported that inflation (CPI) in May accelerated to 4.2% year on year, continuing its third consecutive month of growth. The main driver was the rise in energy prices: the energy index rose by 23.5%, and fuel - by 40.5%. Despite this, the crypto market reacted positively: Bitcoin gained more than 2%, approaching $63,000, and other top-10 altcoins also showed growth.

A key factor in investors' optimism has been the slowdown of the core CPI, which rules out volatile prices for products and energy. In monthly terms, it grew by just 0.2%, and year-on-year by 2.9%, which is below its April level. Analysts note that the Fed is targeting a benchmark, and cannot influence oil prices by monetary means. The decline in core inflation increases the likelihood of policy easing, which has traditionally supported high-risk assets, although CME still estimates that the rate is 98.2% likely to remain at current levels.

Against the background of macro statistics, CryptoQuant analysts estimate a potential Bitcoin bottom in the range of $53,600, which corresponds to its current realized price. Although reaching this milestone is not mandatory, the scenario remains possible due to weak demand: total demand in the spot market and derivatives fell by 652,000 BTC over the week, while outflows from spot ETFs amounted to 74,000 BTC per month. At the same time, experts emphasize that there has not yet been a clear capitulation by investors.