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Norwegian Statistics Bureau: It is expected that Norway's core Consumer Price Index will increase by 3.2% in 2026, with the March estimate at 3.1%.

According to ChainCatcher, 10x Research stated in an article that the options market mechanism that pushed Bitcoin below the $70,000 support level is changing and could even shift to drive an upward move. After BTC fell below $70,000, the negative Gamma effect in the options market amplified the decline. At that time, market makers short on Gamma were forced to sell during the drop, causing the market to shift from a normal pullback to a cascade of liquidations, with Bitcoin hitting a low of $65,705. Now, this mechanism has not disappeared but has moved to a new critical position. Currently, the largest negative Gamma position in the Bitcoin options market is near the current spot price, amounting to approximately $1.8 billion. If price fluctuations occur, market makers’ hedging actions could once again magnify market moves. Driven by improving market sentiment indicators, the potential for an agreement with Iran to reduce the inflation risk premium, and market expectations that the new Federal Reserve Chair will take a more dovish stance, the options structure that previously contributed to Bitcoin’s decline may now be turning into a force driving a rebound.

(1) European Central Bank President Lagarde stated that high energy prices are starting to spread to other sectors of the economy, and the indirect impact of inflation has been felt in almost every sector in recent weeks. (2) The European Central Bank raised interest rates last week (for the first time since 2023) and does not rule out the possibility of another rate hike as early as July. Bundesbank President Nagel believes that even if the Middle East conflict ends soon, prices may remain elevated for a longer period. (3) In response to criticism, Lagarde said she understands concerns that rate hikes could stifle growth, but emphasized that once inflation starts to rise, it must be contained, as it becomes more difficult to manage once it gets out of control. Prolonged high inflation is unsustainable for both consumers and businesses. Prior to these remarks, the US and Iran had just announced a provisional agreement to reopen the Strait of Hormuz.