Inflation cools more than expected! U.S. July PPI growth narrows to 4.7%, driven primarily by lower energy costs

The U.S. Producer Price Index (PPI) remained flat month-on-month in July, with the year-on-year rate declining to 4.7%. The core PPI fell to 4.2% year-on-year, primarily driven by lower energy prices and a slowdown in service price inflation. The widening divergence between the Consumer Price Index (CPI) and the PPI is putting pressure on corporate profit margins. Market expectations for Federal Reserve interest rate hikes remain unchanged, with the view that there is limited urgency for short-term policy adjustments. Future inflation trends will continue to depend on changes in energy prices.

wallstreetcn4minutes ago

1.79 million BTC face a formidable barrier at $65,000 as defensive sentiment dominates the options market

July's CPI figures met expectations, reducing the probability of a Federal Reserve rate hike in September to 42%. Bitfinex data indicates that the cost basis for 1.79 million BTC is concentrated between $62,000 and $65,000, creating significant selling pressure. Although the options structure remains bullish, defensive pricing combined with supply-side pressures continues to hinder BTC from breaking through the $70,000 target.

Zhitong Finance4minutes ago

BTC falls below 62,000, potentially triggering $500 million in long liquidations

Data from CoinGlass indicates that if BTC falls below the $62,859 support level, it will trigger $516 million in long liquidations; conversely, a breakout above $64,094 would cause $209 million in short squeezes, intensifying market volatility risks.

Zhitong Finance8minutes ago

Shorting $136 million in BTC with 40x leverage; liquidation spread narrowed to just 1.2%, signaling heightened risk.

An anonymous whale established a $136 million short position on Bitcoin with 40x leverage on Hyperliquid, entering at $63,851 and facing liquidation at $64,595. The high leverage and extremely narrow safety margin have raised market concerns about the potential for a short squeeze or increased volatility.

Zhitong Finance12minutes ago

Bitcoin Halving: Hashrate Drops Only 23%, Miners’ Resilience Signals No Industry Recession

Although the price of BTC has fallen nearly 50% from its peak, the decline in hash rate was only 23%. Analysts point out that while the share of transaction fees has hit a new low since 2015, the industry is adapting to lower profitability through efficiency adjustments rather than facing a comprehensive collapse.

Zhitong Finance14minutes ago

Bitcoin Squeezed Between $63,000 Support and $68,700 Ceiling

Coinspeaker21minutes ago