Bitcoin Surges Toward $90K After Softer Inflation Print

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Bitcoin analysis by Back. Source: X

Bitcoin ($BTC) moved closer to $90,000 after November’s CPI came in at 2.7% YoY, lower than the expected 3.1%, easing near-term inflation pressures and reviving risk appetite.

Onchain data suggests this rally is driven by fresh positioning rather than short-covering, pointing to “balance-sheet” repair rather than panic selling. Options gamma remains balanced, meaning BTC has room to move if liquidity increases. With the Bank of Japan’s upcoming rate decision being the last major macro event of the year, traders will be watching for any surprises, though much of the risk appears already priced in.