Analysis: Influenced by U.S. CPI data and geopolitical risks, bitcoin fluctuates at high levels, with strong ETF net inflows

ChainCatcher News, according to The Block, Bitcoin maintained high-level volatility this week with its price staying above $72,000, driven by developments in the Middle East and U.S. CPI inflation data. Spot Bitcoin ETFs recorded a net inflow of $358 million, while Ethereum funds attracted approximately $85 million in new capital.

Analysts noted that although the risk premium for a Middle East ceasefire has declined, the market has not yet returned to normal, and oil prices, interest rates, and crypto assets remain closely linked. March's CPI grew by 3.3% year-over-year, slightly below expectations, with rising energy costs as the main driver. Institutional investors remain cautious about risks, and options markets indicate that volatility may calm during the summer. Bitcoin's current trend is driven by macroeconomic and geopolitical factors, with traders waiting for more data to determine the next direction.