🚀 Bitcoin (BTC) bounced back to $69,000 after a brief dip to $66,000, thanks to some friendly inflation data from Uncle Sam. Traders are now eyeing the $72,000 mark, with derivatives markets giving a thumbs up.👍

The US Consumer Price Index (CPI) rose by 3.3% in May, lower than expected, hinting at possible interest rate cuts by September. This news pushed the S&P 500 to a record high and gave Bitcoin a boost.

However, the big question is whether Bitcoin's surge was just a flash in the pan or if it can sustain the momentum. Factors like miner and ETF outflows could play a crucial role.

On June 10, Marathon Digital sold 1,000 BTC, valued at nearly $70 million, causing a stir among investors. The same day, U.S.-listed spot Bitcoin ETFs saw a collective net outflow of $65 million.

Despite these outflows, Bitcoin derivatives showed resilience during the $66,000 dip, indicating a cautiously optimistic attitude among traders.

So, what's your take? Will Bitcoin hit the $72,000 mark? Let us know in the comments! 👇 Remember, the future of Bitcoin is as unpredictable as a cat on a hot tin roof! 😹 #Bitcoin #CryptoNews