#数字货币市场回升 The Labor Bureau's actions this time are truly outrageous. The CPI data for October was retracted just like that; I stared at that blank page on the trading screen for a full three minutes, at one point doubting whether my computer was broken. The crypto market immediately went into chaos—BTC on that Candlestick was swinging up and down erratically, and the group exploded with everyone posting "What's going on?".

You have to understand that CPI is like taking the temperature of inflation. If the numbers spike, the Federal Reserve will likely tighten its policies, and assets like cryptocurrencies will suffer as a result; but if it goes down, expectations of interest rate cuts will soar, and the crypto market often sees a rebound. The last time the authorities withdrew data, it was all old accounts from twenty years ago. This sudden occurrence has even the aunties in the vegetable market asking, "Is there going to be a major economic problem?"

Having been in the crypto circle for many years, I've seen quite a few oddities. But upon reflection, the underlying mechanics this time are quite intriguing.

What is the most likely scenario? The data is so low that it leaves decision-makers at a loss. The version circulating in the market is that the October CPI year-on-year may directly drop below 3%, which is a notch lower than the market expectation of 3.3%. If this number holds true, it indicates that the speed of inflation cooling is astonishingly fast, and the expectations for interest rate cuts will soar like a rocket. But the problem lies precisely here: good news comes too abruptly, prompting policymakers to take a breather and reassess the upcoming pace. Therefore, they might as well withdraw the data for a cold treatment.

For the crypto market, this matter might contain an implicit benefit.