Basic Points:
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Bitcoin’s target prices include taking liquidity around a $ 120,000 mark.
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The US PPI inflation cools beyond expectations, providing relief after hot CPI printing the day before.
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BTC/USD avoids a trip to a CME space below $ 115,000.
Bitcoin (Btc) maintained an overnight rebound on Wall Street Open Wednesday as US inflation data provided bulls.
July Fed Rate-Cut Odds that is not beyond the cool PPI
Data from Cointelegraph Markets Pro and Tradingview showed a BTC/USD who had been around around $ 119,000.
Still 0.5% during the day, the pair surfed the promising results of index (PPI), which came less than expected throughout the board.
“On an incompatible basis, the index for final demand rose 2.3 percent for 12 months ended in June. In June, a 0.3-percent advances in prices for final goods demanded by a 0.1-percent drop in index for final demand services,” Official release of the press From the US Bureau of Labor Statistics (BLS) has been confirmed.
Despite an increase of 2.3%, the PPI was 0.2% lower than expected and 0.4% below the last month’s increase.
“The manufacturer’s inflation is re -cooling,” the Kobeissi’s letter was traded in a confirmed part of a part of a Response In X.
PPI thus strict contrast to consumer price index (CPI) i -Print the day before, rising 2.7% years-on-year to reach the highest level since February.
Some commentators have suggested that the Federal Reserve would be more likely to lower interest rates, a blow to risk ownership. Others, however, argue that inflation numbers are nowhere near the critical, especially amid the ongoing US trade war.
“Inflation is constantly cool. The single miss in the CPI is due to the rising oil in June but it returns which reflects next month,” Crypto analyst Matthew Hyland continued Following the release of PPI.
“There is no high inflation like almost all the experts claimed are now here.”
The latest data from CME Group’s Fedwatch tool However, it did not show a hint of a change in the market sentiment about the rate cuts at the upcoming Fed meeting on July 30.
Bitcoin sizes up to close liquidity
In the BTC price action, market participants saw the potential for a fresh circulation of liquidity grabs.
Related: Bitcoin ETF Inflows shows ‘double’ institutions to BTC at $ 116K
$ Btc High Leverage Liquidation Fishing pic.twitter.com/gwtvwistpb
– ThekingFisher (@KingFisher_BTC) July 16, 2025
Number Cointelegraph continues to reportLiquid Order Booking has developed low-timeframe magnets in recent months.
To x, resource tracking Coinglass Also that that -flag liquidity upside down the sun, it Data The display asked between $ 119,500 and $ 120,500.
“It looks like Bitcoin is finding support just above the sun -gap of CME,” famous businessman and analyst rect capital added.
Rect Capital defined the “gap” left between closing and opening levels in the CME group’s bitcoin futures markets, which is usually Draw a price to them After being formed. The interval in question lies between $ 114,300 and $ 115,600.
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