#密码资产动态追踪 The sudden variable! The US December CPI data is out—year-over-year jumped to 3.2%, higher than the market expectation of 3.0%. What does this mean? The stickiness of inflation is even more stubborn than expected, directly dealing a blow to the rate cut expectations.

Initially, everyone was expecting the Federal Reserve to loosen policy more quickly. Now? The probability of a rate cut in January has been slashed to 40%. Market pricing mechanisms are going wild, and the US dollar index is surging in the short term. As a risk asset highly sensitive to macro policies, the crypto market naturally gets hammered. Core assets like $BTC clearly have their upward momentum suppressed.

Historical data has long told us—CPI data and Bitcoin returns often move inversely. When inflation exceeds expectations, risk assets get hit. This time is no exception. Currently, various market funds are recalculating how the Federal Reserve will act next, and inflation uncertainty has shrunk everyone’s risk appetite.

In the short term, the crypto market should watch out for corrections caused by macro sentiment fluctuations. How inflation data develops and how the Federal Reserve comments are the real key factors that will determine the rhythm of the crypto space.