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Ethereum futures surge with $1.2B buy volume on Binance after US inflation data beats expectations

Market News
15 Jul 2026
Crypto Briefing
View Source
Bullish
Ethereum futures surge with $1.2B buy volume on Binance after US inflation data beats expectations

After the US June Consumer Price Index showed a surprising 0.4% monthly drop and a year-over-year decline to 3.5%, Ethereum futures buying exploded, especially on Binance which recorded $1.2 billion in taker buy volume within the first hour. This massive volume dwarfed other platforms like Deribit and OKX, indicating a strong directional bet on ETH futures rather than options. The inflation data caused a sharp drop in Federal Reserve rate hike expectations ahead of the July 29 meeting, fueling the rally. However, analysts warn this speculative surge may not guarantee a lasting uptrend, with the upcoming Fed meeting as the next key market event.

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