#美国7月PPI年率高于预期 #Bitlyer
To put it simply, the Federal Reserve recently hinted that a rate cut in September is almost certain (with market expectations at 100% probability). Coupled with the Trump administration's desperate attempts to give cryptocurrency a 'green light' (for example, allowing the use of retirement accounts to buy Bitcoin, tapping into a $7.5 trillion funding pool), these two forces have directly propelled Bitcoin to new heights — it just set a historical record on August 14, reaching $124,000, an increase of 32% this year.
Why such a surge?
A rate cut will make the dollar 'weaker', making it less worthwhile to keep money in the bank, and thus, funds naturally flow towards assets like Bitcoin that have the potential for high returns. Meanwhile, policy loosening has led major institutions (like Harvard and Metaplanet) to frantically buy up Bitcoin, with futures bets piling up to nearly $14 billion, resulting in a stable and aggressive buying pressure.
However, there are also emerging risks:
There is significant internal conflict within the Federal Reserve, with some believing that cutting rates too quickly feels like 'something major is happening'. If inflation rebounds (currently at a core rate of 3.1%), the rate cut might be scrapped; even more alarming is the high leverage, where a slight price drop could trigger a chain reaction of liquidations, causing a panic sell-off.
