Crypto enthusiasts, the night of January 14th looks unusual. A storm is gathering, and within just a few hours, three major events will unfold one after another.

The first is the Supreme Court ruling on the Trump tariff case. If the case is judged "unconstitutional," the massive tariff refunds flooding into the market could significantly increase—equivalent to an unexpected liquidity shock. Policy makers have already signaled that even if they lose legally, there are other means to intervene, keeping the suspense high.

The real pressure point is the economic data at 21:30 (UTC+8). November retail sales month-over-month expected 0.4% (previous 0.00%), PPI annual and monthly rates are expected to be 2.7% and 0.2% respectively—these two data points are the indicators for the Federal Reserve's policy adjustments. Any deviation from expectations will immediately impact risk asset pricing.

Not enough. Federal Reserve Board member Mester, voting member Barkin in 2027, and voting member Boulson in 2026 will all speak tonight. Their remarks could directly alter market expectations for future rate hikes or cuts.

Tariff case outcome, economic data exceeding expectations, influential figures' statements—any one of these triggers could amplify volatility in the crypto market. The preparation for monitoring the market should start now.