10:30 PM tonight! Major US data is coming, the life and death moment for Ethereum!!
At 10:30 PM tonight, the US will release a series of significant energy data:
EIA crude oil inventory, Cushing crude oil inventory, Strategic Petroleum Reserve inventory
This is not only a major event for the energy market but also a key factor affecting global liquidity and risk appetite.
Why is it crucial for the crypto space?
Because crude oil data is directly linked to the USD trend & inflation expectations, which in turn determines whether the Federal Reserve will 'ease' or 'tighten' next.
In short: Oil price volatility ≈ Inflation volatility ≈ Interest rate expectation swings ≈ Crypto market in turmoil!
In the past few releases of crude oil inventory data, the market has often experienced severe fluctuations.
Especially now that the expectations for Fed rate cuts have been wildly traded, tonight's data will directly determine:
Whether to further strengthen rate cut expectations and boost a rebound in the crypto market?
Or to shatter illusions and trigger a new round of sell-off?
The survival of the crypto market depends on 10:30 PM tonight!
Regardless of long or short positions, this moment requires everyone to fasten their seatbelts.
For friends who are confused and losing money in trading and want to recover their losses, follow Brother Lu's steps and feast on profits!!
