#美国4月CPI数据回落

US CPI data triggered a range breakout for risk assets, with Bitcoin subsequently trading above $66,000 again, with bullish momentum expected here that could bring back highs of $74,000. Trading desks saw heavy buyers of 100-120k Bitcoin options expiring in December 2024, which pushed spot prices higher. Institutional investment demand continues to grow, with large asset managers such as Millenium and Schonfeld investing approximately 3% and 2% of their assets respectively in Bitcoin spot ETFs. With significant sovereign and institutional adoption, easing inflation, and the upcoming U.S. election, this breakout could signal the resumption of the bull market.