U.S. spot Bitcoin ETFs posted $7.8 million in net inflows led by BlackRock's IBIT. Steady institutional demand supports price but has not been enough to break resistance alone.
The August CPI print will show whether July inflation eased further. A cooler-than-expected reading could ease Fed rate-hike concerns and spark risk-asset relief, including Bitcoin.
Bitcoin $60,000 put options are the top protective trade as traders brace for a potential pullback. Sentiment suggests caution ahead of macro data releases.
A break below $62,000 support on volume could signal downside acceleration. Reclaim of $65,000 resistance with spot volume would suggest renewed bullish structure. Macro data drives either outcome.
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