The CPI data serves as a core indicator of inflation and directly affects the Federal Reserve's interest rate hike expectations. If it rises above expectations, market panic may intensify, the dollar may strengthen, suppressing risk assets, and the cryptocurrency market could face downward pressure; if it falls below expectations, the anticipation of interest rate cuts will increase, improving liquidity and boosting the rebound of mainstream coins like BTC. The cryptocurrency market's sensitivity to macroeconomic factors has increased, leading to potential short-term volatility spikes, but in the medium to long term, it will still be dominated by the halving cycle and ETF capital. It is advised that investors pay attention to the risks of leveraged liquidations before and after data releases, remain cautious in the short term, and consider accumulating undervalued coins in the medium term. One should be wary of the repeated 'buy the expectation, sell the fact' market behavior and manage positions reasonably to cope with extreme volatility.