Hupzy (Spot On Chain)|Jul 14, 2026 12:45
June CPI came in at 𝟯.𝟱%, below the 3.8% consensus — the biggest monthly drop since May 2020. Core CPI fell to 𝟮.𝟲%, also missing the 2.8% expectation. US stock futures are surging.
The -0.4% month-over-month decline is the steepest since the pandemic crash, signaling that disinflation is accelerating.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is a major bullish macro signal for risk assets including crypto. Both headline and core CPI missed expectations, which significantly reduces the probability of a September rate hike that had been pricing at 61%. For BTC, cooler inflation supports the bullish case: lower rate-hike risk, weaker dollar, and improved liquidity expectations. Watch for Fed commentary today — if officials acknowledge the disinflation trend, risk assets could extend gains. This is the kind of macro catalyst that shifts the entire trading setup.
source: KobeissiLetter
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