Crypto Daybook Americas: Bitcoin Options Point to Gains Ahead of CPI Data 📈

June 9, 2025 – A fresh wave of bullish momentum is rippling through the Bitcoin options market in advance of the latest U.S. CPI release. According to CoinDesk’s morning briefing, traders have been stacking calls, signaling growing optimism for near‑term upside.

Over the weekend, Bitcoin briefly reclaimed levels above $107,600 before settling near $106,600—a ~1.2% gain in 24 hours—while the broader CD20 index rose nearly 1.7%. This rebound followed a cooling of earlier tensions, such as the public clash between Donald Trump and Elon Musk, as well as a refunding of BitoPro’s hack and muted network activity.

The primary catalyst now in focus is the U.S. CPI report for May, due June 11, 8:30 a.m. ET, which economists expect to show core inflation at 2.9% YoY (up from 2.8%). A hotter-than-expected reading could delay the Federal Reserve’s rate-cut timeline, introducing volatility across all risk‑asset classes—crypto included.

🔍 What to Watch Today

• Bitcoin options: Bullish call activity is dominating, positioning BTC for potential near‑term rallies if CPI data surprises to the upside.
• Macro context: Rising bond yields—10‑year Treasuries are near 4.5%—could weigh on sentiment if inflation remains stubborn.
• Upcoming events: Beyond CPI, the U.S. SEC is hosting a “DeFi and the American Spirit” roundtable (June 9), with a key House hearing on crypto market structure slated for June 10.