According to the source, Bitcoin is preparing for its first U.S. inflation read since a government shutdown, putting a near-term focus on CPI as a volatility catalyst, source: the source. The U.S. Consumer Price Index is released at 8:30 a.m. ET and is a widely followed macro indicator that can shift risk sentiment across assets, source: U.S. Bureau of Labor Statistics. BTC historically sees elevated intraday volatility and thinner order books around CPI release windows, increasing slippage and execution risk for traders, source: Kaiko Research. Crypto options markets have tended to price an implied volatility rise into CPI and an IV crush afterward, shaping short-dated gamma and skew positioning, source: Deribit Insights. Rate expectations that update after CPI often move the U.S. dollar and front-end Treasury yields, which have shown inverse correlation with BTC during tightening phases, source: CME FedWatch Tool; Federal Reserve. Key watch items at the release include DXY, U.S. 2-year yields, BTC funding rates, and spot-futures basis due to their sensitivity to rate expectations and liquidity conditions, source: ICE Data Indices; U.S. Department of the Treasury; Kaiko; Deribit.