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Bitcoin is entering a period of volatility, as macro effects align for a short-term rally to $111,000, according to Bitfinex Head of Derivatives Jag Kooner. Macro factors, including a potential U.S.– China trade deal and cooler-than-expected inflation figures, are aligning to support another Bitcoin (BTC) ally. On Wednesday, June 11, Jag Kooner, Head of Derivatives at Bitfinex, shared his insights on Bitcoin with crypto.news. Kooner believes that a possible agreement between the U.S. and China could help reduce uncertainty and boost market sentiment. However, he noted that the optimism may already be priced in, meaning the immediate impact on markets could be limited. Instead, the most likely near-term effect is increased volatility. The same applies to the latest inflation reading, which rose just 0.1% on a monthly basis. Together, these developments suggest that Bitcoin may be setting up for significant price action in the near future, according to Kooner. “Core CPI up 0.1% m/m firms up rate cut bets, compresses real yields, and creates a vacuum above $111K for bitcoin. That move would likely be spot-driven, with ETF demand accelerating as the macro regime shifts toward easing,” Jag Kooner, Bitfinex. Lower inflation could increase the likelihood that the Federal Reserve will cut interest rates, potentially giving Bitcoin a boost. According to Kooner, this theme could dominate crypto market sentiment over the next two weeks, possibly pushing Bitcoin toward $111,000, close to its all-time high. “BTC’s tight correlation with the S&P 500 (30D r ~0.63) reveals its current role as a liquidity barometer rather than a volatility hedge. This correlation makes BTC highly sensitive to SPX range-bound conditions, and until the index breaks out, BTC’s upside remains constrained,” Jag Kooner, Bitfinex. Still, Bitcoin’s upside remains tied to stock market performance. The strong correlation with equities means that any breakout may depend on the S&P 500 moving out of its current range. If that happens, both Bitcoin and altcoins could move sharply higher, offering gains for crypto holders.

U.S. CPI Rose Softer Than Expected 0.1% in May, Sending Bitcoin Higher

🔵 $SUI Price: How High Can SUI Go Following Nasdaq ETF Filing? SUI, the native token of the Sui blockchain, is making headlines again. This time, the catalyst is a major regulatory milestone: Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission to list the 21Shares SUI ETF. This move officially begins the regulatory review process for the first U.S.-based spot ETF tied to SUI. The filing builds on an earlier S-1 registration by 21Shares and follows successful ETF listings in European markets, including Paris and Amsterdam. The news is pushing market optimism higher, as investors anticipate broader access and growing institutional adoption. 🔸 How the #SUI Price Is Reacting to the ETF News SUI is currently trading at $3.50, up 3.32% for the day. The price has displayed an upward trend, overcoming early-session volatility. After an initial dip, SUI surged to $3.55 before consolidating slightly. The intraday chart suggests consistent buying support, with higher lows forming throughout the day. Support levels are holding strong. The $3.40 mark has repeatedly acted as a floor, while $3.43 provided a base for upward moves. On the resistance front, $3.55 remains a key hurdle. SUI briefly tested it before pulling back. Minor resistance also exists between $3.52 and $3.53, where the token faced multiple pauses. Besides technical structure, trading volume rose 6.25% to $1.03 billion, supporting the bullish setup. If SUI breaks past $3.55 with conviction, it could test higher resistance levels and potentially shift into a stronger rally phase. 🔸 What Key Indicators Are Saying About SUI’s Next Move The Moving Average Convergence Divergence (MACD) line recently crossed above its signal line. Though the histogram remains slightly negative, it is flattening, hinting at a potential trend reversal. This bullish crossover signals that recent selling pressure may be waning.

The US CPI data for May was lower than expected across the board, and spot gold rose by $12 in the short term The US May unadjusted CPI annual rate was 2.4%, and the market expected 2.5%. The US May unadjusted CPI monthly rate was 0.1%, and the market expected 0.2%. The US May seasonally adjusted core CPI monthly rate was 0.1%, and the market expected 0.3%. The US May unadjusted core CPI annual rate was 2.8%, and the market expected 2.9%. Spot gold rose by $12 in the short term and is now at $3,349.16 per ounce. (Jinshi)

Glassnode: ETH short-term options prices have risen sharply in the past 48 hours Data released by on-chain analysis platform Glassnode shows that ETH short-term option prices have risen sharply in the past 48 hours, including: 1-week IV rose from 65.2% to 79.0%, and 1-month IV rose from 66.4% to 72.1%. Analysts believe that this steepening volatility term structure reflects the rising demand for short-term protection or upside risk exposure due to short-term ETH price explosions.