According to Odaily Planet Daily, CryptoQuant CEO Ki Young Ju stated that the current Bitcoin rally is primarily driven by the futures market, while on-chain spot demand remains negative. He pointed out that historically, bear markets typically require a simultaneous recovery in both spot and futures demand to end.

According to a research report by Barclays analysts, inflation remains high, and the Federal Reserve is expected to maintain the target range for the federal funds rate at its policy meeting this week, although a rate cut is still possible this year. If inflation falls as expected, the Fed will have sufficient confidence to begin easing monetary policy around September.

According to Huoxun Finance, GMGN data shows that XCN surged over 76% in a short period, possibly due to its listing on Upbit, and is currently trading at $0.008.

According to a report by Barclays analysts, with inflation remaining high, the Federal Reserve is expected to keep the target range for the federal funds rate unchanged at its meeting this week, but a rate cut is still possible this year. The analysts stated, "In a highly uncertain environment, the Fed is inclined to remain on hold. Strong demand and still relatively high inflation support its patience, and policymakers have also signaled a diminishing confidence in further rate cuts in the near term." The analysts added that if inflation falls as expected, the Fed is expected to gain sufficient confidence to begin easing policy around September. "We still expect it to cut rates this year." According to LSEG data, the money market currently prices in a 10 basis point rate cut by the Fed in 2026.

According to OKX market data, BTC has fallen below 78,000 USDT and is currently trading at 77,989 USDT, a 24-hour decrease of 0.2%.