Data released on Thursday showed:

The annual CPI rate in June was 3%, lower than the expected 3.10% and lower than the previous value of 3.30%. The core CPI annual rate in June was 3.3%, which was also lower than the expected 3.40% and the previous value of 3.40%. The monthly CPI rate in June was -0.1%, lower than the expected 0.10% and the previous value of 0.00%. This is the first time since May 2020 that the monthly CPI rate has recorded a negative value. Overall, the CPI annual rate dropped to 3.0% in June, the lowest level since June last year.

After the CPI data was released, the probability of the Federal Reserve cutting interest rates in September increased significantly. The interest rate swap market is fully pricing in a 25 basis point rate cut by the Federal Reserve in September. JPMorgan Chase's analysis based on June inflation data believes that the Federal Reserve's interest rate cutting cycle will start early, and the Federal Reserve is expected to start cutting interest rates in September, rather than November as previously estimated.

In addition, the address marked "De" transferred 10,627 Bitcoins on Thursday and continued to sell them. Currently, there are only 4,925 Bitcoins left on this address, which is only 9.9% of the initial holding amount.

The fall in inflation for two consecutive months has solved a "must" condition in the bull market cycle - an interest rate cut, and other issues have become secondary. If you still can't see the market trend clearly, it is recommended to follow me first, V--交-流+: wbe3_BTC. Learn the knowledge of the currency circle and lay a solid foundation to go further.