Analysis
Significance:
6/10

Softer inflation gives bitcoin room to run, but downside risks lurk beneath: analysts

https://www.theblock.co/post/376081/softer-inflation-gives-bitcoin-room-run-downside-risks-lurk-beneath-analysts

Naga Avan-Nomayo

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bullish
Bitcoin rose after the CPI report, and analysts suggest a sustained move above $116,500 could open the door to a new record.
Bearish
Elevated options open interest and long-term holder selling could make rallies volatile and fragile.