Bitcoin Hovers Near $69,600 Ahead of U.S. February CPI Release

Bitcoin is trading around $69,600 as markets await the U.S. February Consumer Price Index, due at 20:30 UTC+8 on March 11, with consensus forecasts showing a 0.3% monthly rise, 2.4% annual rate, and 0.2% core CPI growth. Goldman Sachs and other institutions expect mild easing in core inflation, though energy prices and geopolitical risks add uncertainty, while recent soft U.S. employment data have raised the stakes for this reading. In crypto, BTC has rebounded into a consolidation range, with short liquidity clustered near the $72,000 resistance and a leveraged long liquidation zone around $67,000–$69,000, and its moves remain driven by liquidity trading around macro events rather than a clear directional trend.