Exchange deep-night data just released—over $300 million in funds quietly shifting. Funds are being withdrawn from highly volatile cryptocurrencies and flowing into stable value protocols represented by decentralized USD. This is smart money speaking, acting rather than just talking.

Tonight at 21:30 US CPI data will be released; in the following hours, the Bank of Japan may end its eight-year negative interest rate policy. Both major events happening simultaneously, the crypto market will face extreme volatility from both sides. For retail investors, this could be the last and most intense wave of wealth reshuffling this year.

**CPI Incoming—The Liquidity Thermometer**

Tonight’s CPI data is a bit special. Due to a government shutdown some time ago, there was a data gap, making this report the key to market judgment on the true US inflation trend.

The market already has a default answer: if the annualized inflation rate returns to the "2-handle" (e.g., 2.9%), it’s a big positive. The Federal Reserve will have the confidence to continue rate cuts next year, and the "year-end rally" in risk assets will follow.

Conversely, if the data sticks at 3.0% or higher, the story immediately reverses—"high interest rates will persist longer." A strong dollar will act like a magnet, pulling global liquidity inward, and the crypto market will face short-term sell-offs.

What’s truly painful is that volatility will explode in the seconds after the data is released. During such times, holding assets that can detach from the traditional USD system and maintain stable value can help keep a calm mindset and prevent emotional, reckless trading.

**Bank of Japan Shift—A Turning Point in Global Liquidity**

Taking this step tomorrow could rewrite the script of global capital flows. The end of eight years of negative interest rates signals a shift for the entire Asia-Pacific region, and even the global liquidity landscape.