[Analysis: Bitcoin derivatives signal 'panic,' core PCE may trigger rebound] Golden Finance reports that the Bitcoin derivatives market is showing clear signs of deteriorating risk appetite, with investors paying significant premiums for downside risk. Market sentiment is nearing 'panic' levels. However, analysts believe that once a key catalyst emerges, the market could quickly experience a sentiment-driven rebound, and this catalyst may come from the U.S. core PCE price index data set to be released at 8:30 AM Eastern Time. The market generally expects U.S. core PCE to rise 3.4% year-over-year in May, higher than April's 3.3%, marking a new high since the end of 2023. If the actual data comes in below expectations, it would reinforce the outlook for cooling inflation, thereby weakening the case for further rate hikes by the Federal Reserve, potentially improving sentiment for risk assets.