The US CPI surged to 4.2% year-on-year in May, reaching a three-year high. The narrative of interest rate cuts was poured with cold water, and many people were scared and quickly cut their meat. But just as the entire internet was in a state of panic, BTC launched a violent counterattack against the negative sentiment and broke through $63000 strongly. This is precisely the most fascinating aspect of the market: when all the negative factors are exhausted, it often leads to positive news. When we calm down and look, we will find several thought-provoking signals: Firstly, the Panic Greed Index has fallen to 11, entering the zone of extreme panic. In history, such positions have often been the most emotionally charged and thoroughly handed over stages of chips. Secondly, the core CPI was only 0.2% month on month, better than the most pessimistic expectations. Although the headline data is ugly, core inflation has marginally improved, and the market's response to expectations of interest rate cuts may have been excessive. Thirdly, the overall funding rate remains at a low level of 0.003%. This wave of rise mainly comes from short selling and real buying by whales, with relatively low leverage and a healthy structure. More importantly, long-term funds remain steadfast: the ahr999 index is approaching an extremely low value, Bitmine has spent $206 million on ETH for three days, multiple whales have continued to withdraw and lock their positions, and the US government's 328000 BTC remains unchanged. $63000 is becoming a crucial watershed in this game. If we can stand firm and hold onto the 62550-62650 area, the form of the foundation will gradually be confirmed. The real opportunity never appears during the frenzy of the crowd, but during moments when negative factors are concentrated, emotions are extremely pessimistic, but there is still long-term capital silently laying out. Tonight, do you choose to panic or observe calmly? Bitcoin CPI Cryptocurrency Market