Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough

Bitcoin is trading below $75,000 as markets await October U.S. CPI data, with analysts cautioning that any inflation relief may offer only a temporary lift. They argue a durable recovery hinges on better liquidity conditions and renewed demand for spot bitcoin ETFs rather than macro data alone. The token’s sub-$75,000 level keeps it under pressure as traders weigh whether cooler inflation prints can revive risk appetite. The key test is whether ETF inflows and liquidity improve after the CPI release, since macro-driven bounces have faded without that support.