The Consumer Price Index (CPI) for February in the United States has declined overall and is below market expectations. However, it may not be realistic to expect that this data alone will prompt a V-shaped reversal in the cryptocurrency market. This is merely a necessary condition for market improvement, not a sufficient one. The primary reason is that the market has not yet clarified whether the February CPI has fully reflected the impact of the tariff policies from the Trump administration, making it difficult to determine if this decline marks a trend change. Additionally, the cryptocurrency market faces numerous uncertainties, including the trade war, debt ceiling negotiations, the timing of further interest rate cuts by the Federal Reserve, and the timing for halting balance sheet reduction. Regarding the lower-than-expected CPI data for February, the market should currently maintain a cautiously optimistic attitude.
