Bitcoin Stands Pat at $107K with Sizzling PCE Inflation and Slumping Futures Trading

• BY Ellyana
• June 28, 2025
• 0 Comments

Bitcoin has stayed steady around the $107,000 level despite the hotter-than-anticipated U.S. core PCE inflation figure in May to 2.7% and potentially impacting the Federal Reserve’s consideration of rate cuts. Market reaction has been subdued with Bitcoin re-consolidating between the $100,000–$110,000 levels as spot and futures trading volumes declined. Analysts indicate that the current dip is indicative of diminishing speculative desire and decreased market momentum, while the wider cryptocurrency market remains soft. Nevertheless, Bitcoin continues to be in a bullish setup so long as it retains major support above $93,000. KEY LOOKOUTS • Core PCE inflation advanced to 2.7% in May, beating expectations and possibly postponing any Federal Reserve rate reductions. • Volumes in spot and futures trading still fall, suggesting fewer participants in the market and lower speculative appetite. • Bitcoin needs to stay above the critical $93,000–$100,000 support area if it is to continue its uptrend and bypass further correction. • Traders are shifting to low-risk options such as futures and spot market arbitrage, pointing to a more risk-averse environment. Bitcoin is trading firmly at levels close to $107,000 in spite of better-than-anticipated U.S. core PCE inflation readings, up to 2.7% in May, that are likely to set back the Federal Reserve’s planned rate cuts. Though the overall crypto market exhibits marginal weakness, Bitcoin has held up well in the $100,000-$110,000 region. However, weakening spot and futures volumes suggest decreased speculative interest and a more conservative market mood. Experts observe that this cool-off phase comes after a wave of profit-taking and may indicate temporary consolidation, as long as Bitcoin remains above the key support area between $93,000 and $100,000. Bitcoin remains firm around $107,000 despite hotter-than-anticipated U.S. core PCE inflation readings, which might stall Fed rate cuts. Trading volumes in both spot and futures have softened, indicating diminished investor appetite and a subdued market tone. • Bitcoin trades at around $107,000 after the publication of above-expectations core PCE inflation figures for May (2.7%). • Inflation surprise may delay the Federal Reserve’s intentions to cut interest rates. • Bitcoin is in consolidation, trading between the $100,000 and $110,000 levels in a general slowdown in the broader market. • Spot trading volume fell from the May high of $76 billion to $52 billion, showing cooling activity. • Futures volumes and funding rates have also dipped, indicating decreased speculative appetite. • According to Glassnode, the market is in a “cool-down phase” following recent profit-taking waves. • Support levels between $93,000 and $100,000 are vital to sustaining the bullish trend. Bitcoin remains relatively immune to the recent U.S. economic data, holding its ground near $107,000 in spite of increasing fears about inflation. The underlying Personal Consumption Expenditure (PCE) index, a closely tracked indicator by the Federal Reserve, increased to 2.7% in May, modestly better than expected. This goes some way to fueling speculation that the Fed could delay any future interest rate reductions. That said, Bitcoin has remained steady, implying that deeper macro pressures have yet to drive meaningful responses from crypto traders. BITCOIN DAILY PRICE CHART SOURCE: TradingView The market, though, is cooling. Activity on both spot and futures markets has tailed off, with volumes significantly lower than highs. Investor sentiment also seems more guarded, with participants being more cautious after a strong round of profit-taking early this year. While excitement might have cooled, Bitcoin’s current price action is illustrating a period of consolidation and stability, with traders choosing to watch rather than act aggressively. TECHNICAL ANALYSIS Bitcoin is still consolidating in a narrow band between $100,000 and $110,000, which indicates uncertainty on the market. Recent bullish surges notwithstanding, momentum indicators are pointing to a slowdown, as dwindling volume and lower futures interest indicate declining buying pressure. The major support area remains between $93,000 and $100,000, which has always been magnets for good investor activity. So long as Bitcoin remains above this range, the larger upside trend continues to hold good; however, a fall below it might lead to an even steeper correction caused by higher selling pressure from those holding positions in this range. FORECAST If Bitcoin holds its support above the $100,000 level and general macroeconomic conditions become more settled, the asset may experience another push toward the $110,000–$115,000 zone. A pickup in trading volume, enhanced investor confidence, or a dovish turn by the Federal Reserve—especially if inflation begins to moderate—will also restart the bullish energy. Moreover, any significant institutional capital inflows or favorable regulatory news will serve as the catalyst for another leg higher in Bitcoin’s current bull cycle. Conversely, a hotter-than-expected PCE report could delay Fed rate cuts as well as fortify the US Dollar and weigh on gold prices. Then, in this instance, gold can struggle to remain above $3,300 and may follow through with losses to the next support levels around $3,245 and $3,200. A clean break below $3,200 may lead to further declines toward $3,175, especially if risk appetite continues to improve and safe-haven demand continues to weaken.