U.S. gasoline inventory data has experienced a significant decline. The latest reported actual inventory stands at 4.808 million barrels, far below the 6.397 million barrels from the previous week, a drop of over 24%, and also below the market expectation of 1.95 million barrels. This sharp decrease in inventory reflects strong energy demand, potentially indicating an acceleration in U.S. economic activity. For the crypto market, such macroeconomic data often influence Federal Reserve policy expectations and risk asset pricing, thereby affecting the movement of commodities like Bitcoin. A decline in inventory usually signifies an improving economic outlook, but it may also push up energy costs and impact inflation expectations.
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blocksnark
· 22h ago
Inventory plummeted by 24%, is it that exaggerated? Bitcoin needs to eat
Energy costs are rising, inflation is causing trouble again, the Federal Reserve needs to think
Can this data really drive BTC? Feels like the wolf is coming every time
Economic prosperity sounds great, but my gas fees are not happy
Why is it always macro data speculating in the crypto world? Can't they just say it will go up or down?
4.8 million barrels vs 6.39 million barrels, is the difference really that big? That's a bit exaggerated
Strong energy demand = good economy = risk assets rise? Can the logic be more far-fetched?
Inventory declined but didn't meet expectations, will the market react inversely?
Inflation expectations, we've been used to this in the crypto world for a long time
Expectations vs actual data are so different again, I won't believe the next data release either
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RugpullTherapist
· 12-17 16:01
Inventory plummeted by 24%? Now energy costs are about to skyrocket. Can the Federal Reserve hold on... BTC probably can't help but follow the turbulence again.
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DeFiAlchemist
· 12-17 15:58
the transmutation of crude into velocity... 24% collapse speaks louder than any fed statement ever could. watching these inventory dynamics, the protocol of american energy demand just executed a rather elegant smart contract ngl
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¯\_(ツ)_/¯
· 12-17 15:57
Inventory plummeted by 24%? Now Bitcoin has to eat eggs
Economic prosperity remains, but energy costs are soaring, and inflation is rising again?
The Federal Reserve's policy expectations have changed, causing risk assets to surge directly
What impact does this data have on the crypto world? Can any big shots interpret it?
Really? The expected 1.95 million barrels was brutally slapped in the face?
Energy demand is so strong that inventories are directly halved; the macro situation is indeed a bit intense
Let's wait and see how the Federal Reserve responds next; BTC should show some reaction
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YieldWhisperer
· 12-17 15:40
The energy data has dropped so significantly, it seems the US economy is indeed warming up.
Inventory plummeted by 24%? That's quite a sharp drop, but watch out for inflation rebound.
The Federal Reserve will have a headache again. Will this be positive for BTC...
If oil prices go up, risk assets need to be cautious.
Whether this wave can push BTC to a new high still depends on how the Federal Reserve reacts.
U.S. gasoline inventory data has experienced a significant decline. The latest reported actual inventory stands at 4.808 million barrels, far below the 6.397 million barrels from the previous week, a drop of over 24%, and also below the market expectation of 1.95 million barrels. This sharp decrease in inventory reflects strong energy demand, potentially indicating an acceleration in U.S. economic activity. For the crypto market, such macroeconomic data often influence Federal Reserve policy expectations and risk asset pricing, thereby affecting the movement of commodities like Bitcoin. A decline in inventory usually signifies an improving economic outlook, but it may also push up energy costs and impact inflation expectations.