Bitcoin Set for High Volatility Ahead of US Crypto Bill Vote, CPI Data, and Key Token Unlocks
The cryptocurrency market is poised for heightened volatility next week, mainly driven by three pivotal events. Firstly, on June 10, the US Congress will vote on the CLARITY Act, which could transfer crypto market regulatory oversight to the CFTC. If passed, the bill may unlock up to $1 trillion in institutional inflows, with bullish forecasts projecting Bitcoin could rise by 20-30% due to increased regulatory clarity and investor confidence. Secondly, June 11 will see the release of the US Consumer Price Index (CPI) inflation data—a key market mover that has historically triggered 5-10% swings in crypto prices when results surprise. Simultaneously, NVIDIA will host its AI keynote, likely boosting AI-linked cryptocurrencies such as RNDR, FET, and TAO. A lower-than-expected CPI could raise expectations for Federal Reserve rate cuts, potentially lifting risk assets further. Thirdly, significant token unlocks for IMX (June 13) and STRK (June 15), worth over $30 million, may prompt strong sell pressure, creating short-term trading opportunities. Traders are advised to hedge positions, consider shorting ahead of unlocks, and look for dip-buying chances after. Price supports are identified at $95K for BTC and $2.1K for ETH. Strategic fundraising activities and new token listings on major exchanges add further catalysts. Overall, traders should brace for sharp price moves and opportunity-rich conditions, with bullish scenarios hinging on regulatory progress and soft inflation, while setbacks or negative data could trigger sharp corrections.
Bullish
Multiple major catalysts align next week for the crypto market, led by the potential passage of the US CLARITY Act, which could drive substantial institutional investment into the space and give regulatory clarity—a long-term bullish factor. Simultaneously, the release of the US CPI data could boost risk sentiment if inflation is soft, historically driving notable crypto price rallies. The NVIDIA AI event may fuel strong moves in AI-related tokens. Short-term, large token unlocks (IMX, STRK) are expected to create transient sell pressure and volatility, offering trading opportunities. Overall, the bullish potential stemming from regulatory clarity and supportive macro data outweighs the temporary bearish effects of token unlocks, suggesting a net positive outlook for Bitcoin and the wider crypto market in both the short and long term.