#CPI数据来袭 Good news landed, but why did Bitcoin drop?

It's truly a sight to behold! A deal was signed with Dongda, and the stock market soared, yet Bitcoin took a dive in the opposite direction, leaving many people bewildered! What's really going on with this operation? In fact, the reason for Bitcoin's recent drop lies in these few 'hard injuries'! First of all, **Good news turning into bad news**. The long-awaited agreement has finally materialized, and all the good news has been exhausted, with no new hopes in the short term. Many seasoned players have decided to take their profits and run for safety. But don’t panic; the market hasn’t revealed any major issues. Bitcoin is currently hovering around $100,700, and there’s a support line at $99,000 below it, so it won’t crash immediately. Secondly, **Risk-averse demand has directly 'flattened'**. Previously, during the MY war, Bitcoin could still serve as a safe-haven asset, but now that the storm has calmed, no one is hoarding Bitcoin as a 'talisman'. Another key point — **No signs of interest rate cuts**. Without the hype of interest rate cuts, Bitcoin struggles to gain momentum. Moreover, there’s also **the CPI data 'big test'** tonight, which is a 'ticking time bomb'. Investors are wary of stepping on a landmine, so it’s understandable that they withdraw to observe. Finally, it all comes down to **whether US stock funds will come to the rescue**. If US stocks rise and there’s nowhere else for the money to go, it might flow into the Bitcoin market. However, let’s not forget, Bitcoin is also considered a high-risk asset, so whether it can attract investment is truly uncertain! Overall, Bitcoin's recent drop hasn’t encountered any fatal bad news. Once the inflation data is released tonight, will the market reverse or continue to stumble? Let’s grab our small stools and wait for the spectacle! #Crypto Roundtable Highlights $BTC $SOL