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The_Pro
๐ ๐ฎ๐ ๐๐ฃ๐ ๐๐ผ๐ฟ๐ฒ ๐๐ฒ๐ฎ๐๐ ๐ฎ๐ ๐ฌ.๐ฎ% ๐ฎ๐ป๐ฑ ๐๐ถ๐๐ฒ๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฎ ๐๐น๐ผ๐ผ๐ฟ
๐ฉ๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐๐๐ ๐ซ๐๐๐๐๐
๐ฑ๐๐๐ ๐ฏ๐๐ ๐ฐ๐๐ ๐ณ๐๐๐๐๐ ๐ท๐๐๐๐ ๐บ๐๐๐๐ 2020
May CPI landed exactly at the 4.2% headline consensus but delivered a genuine surprise on core โ 0.2% monthly against a 0.3% forecast โ suggesting energy is driving the surge while the broader economy holds. Bitcoin stabilized near $61,000, with the worst-case scenario of broadening inflation now off the table heading into Warsh's first FOMC meeting June 17.
But the institutional picture beneath the price action is the most sobering of the cycle: net institutional buying across ETFs, treasuries, and miners just hit a record low of -464% โ a level not seen since 2020.
CoinShares says it's a sentiment shock, not a structural break. GRAM officially replaces TON on June 15, and Russia's Duma is advancing crypto tax reform that could formalize one of the world's largest mining economies.
$BTC $ETH $SOL
#ClarityActTaxHearings
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