#数字资产市场洞察 $BTC $ETH Market Breakdown Under the "Data Gap" of US November CPI

Tonight, the US inflation data is about to be released. Due to the previous government shutdown disrupting the sampling process, the month-on-month data is significantly missing, and many institutions have already lowered their expectations for the reference value of this data. The market generally predicts a slight increase in year-over-year CPI to 3.1%, with core CPI remaining stable around 3.0%—basically continuing the framework of moderate inflation.

Although this "incomplete" data may cause emotional fluctuations tonight, its actual impact is limited. The real determinant of the subsequent pace is the full inflation report in December and its signaling effect on the Federal Reserve's policy path.

The macro logic remains unchanged: inflation has confirmed a downward trend, the rate hike cycle has peaked, and market liquidity is gradually shifting towards easing expectations.

$BTC and mainstream cryptocurrencies have recently been in a consolidation phase, waiting for clearer policy signals. This "data gap period" combined with the special liquidity structure at year-end may prolong the volatility buildup.

For investors, maintaining flexible positions, filtering out short-term noise, and focusing on the mid-term liquidity improvement logic are key. If a panic sell-off occurs after the data release, it could instead be a window for phased deployment.