The U.S. PPI (Producer Price Index) measures the changes in prices that domestic producers receive for their goods and services, reflecting cost changes in the production process.
In simple terms, a higher index means lower profits and higher costs, which is negative for company stocks. This situation doesn't seem to be as impactful as previously thought; this time appears to be one of the largest deviations in years, with a deviation of 0.8. Unfortunately, the short position at $ETH wasn't reached, resulting in a wide fluctuation. Let's wait and see.