#CryptoCPIWatch

It is an indicator that tracks the price of a basket of cryptocurrencies, similar to a market index like the S&P 500 for stocks. If "CPI watch" refers to this index, it means that the price of the cryptocurrencies that make it up is being monitored, according to Binance.

Consumer Price Index (CPI):

This is the Consumer Price Index, which measures inflation and changes in the cost of goods and services for consumers. If "CPI watch" refers to this index, it means that inflation is being monitored, according to Binance.