4E: CPI cooling has not changed the volatile pattern, and Bitcoin has maintained a stable key support

On June 12, as of 14:00 on June 12, 2025 (UTC + 8), Bitcoin (BTC) was trading at $107,745, down about 2.3% from the high of $110,277 48 hours ago. The price temporarily stabilized after stepping back on the support of $107,500, and the overall is still in the high volatility range. Ethereum (ETH) is hovering around $2,800, and the overall crypto market volume has declined slightly, and funds have tended to be cautious.
The latest CPI in the United States rose by 0.1% month-on-month and 2.4% year-on-year, and the core CPI was 2.8% year-on-year, both lower than market expectations, reflecting the continued moderate decline in inflation. After the data was released, U.S. bond yields fell, the dollar weakened, gold rose, and risk assets were boosted in the short term. However, the reaction of crypto assets was relatively mild, indicating that the market has partially factored in the expectation of slowing inflation.
Although the data is conducive to easing expectations, the Federal Reserve is likely to keep interest rates unchanged at its upcoming interest rate meeting. Analysts generally believe that the rate cut window may be delayed beyond September. Policy uncertainty still constrains the market's willingness to go long.
In addition, Societe Generale announced that it will issue a US dollar stablecoin in July, and the G7 summit will also discuss cross-border crypto asset regulatory cooperation. The continued involvement of traditional financial and regulatory agencies is driving the crypto industry towards compliance and institutionalization, laying the foundation for medium- and long-term development.