U.S. May CPI Rises 0.1% Month-on-Month Bitcoin Surges 110000

HTX DeepThink column contributor and HTX Research analyst Chloe noted that the U.S. May CPI data showed a core CPI increase of only 0.1% month-on-month, which was below expectations. This suggests that businesses are either absorbing tariff pressures internally or using inventories to mitigate the impact. In the short term, this indicates that inflation is temporarily under control, which is positive for market sentiment recovery. However, there is a possibility of a new round of price increases in the coming months.

Long-term U.S. Treasury yields remain high, with the 30-year yield at 4.91%, indicating persistent capital cost pressure. Despite the resumption of rare earth export cooperation between China and the U.S., the agreement is limited to civilian use, lasts for only six months, and does not cover military applications. This underscores the ongoing strategic standoff between the two nations. Additionally, tensions in the Middle East persist, with Iran threatening to attack U.S. military bases if nuclear talks fail, and Trump expressing pessimism over the prospects of an agreement.

In recent days, Bitcoin has surged above $110,000, with buying activity concentrated during Asian trading hours. The rally appears to be driven mainly by short-term speculative funds, with no clear signs of long-term institutional accumulation. Overall, this wave of rebound seems to be fueled chiefly by the dual factors of "easing inflation + Asian speculation."