Tonight at 20:30, the US CPI data will be released. Are you ready?

In terms of market expectations, earlier, the 'Fed's mouthpiece' Nick Timiraos predicted that the core CPI could rise to 3.1%, far exceeding current expectations, raising concerns.

Impact of the data on the cryptocurrency market

1. If CPI exceeds expectations

Inflation pressure increases, expectations for Fed rate hikes rise, funds tend to flow to low-risk assets, leading to capital outflows from the cryptocurrency market, and prices may fall.

2. If CPI is below expectations

Inflation pressure eases, the likelihood of rate hikes decreases, market liquidity is ample, investor risk appetite rises, which may attract capital inflows into the cryptocurrency market, pushing prices up.

Risk control! Risk control! Risk control!