The CPI data will be observed tonight to see how the market plays out, but as we have always said, $BTC is not experiencing a dramatic increase in purchasing power, but rather a decrease in selling. Once selling increases, the impact on price will be significant. The inventory on exchanges has been a bit restless over the past week.

Especially with the ancient whales starting to move, it has caused some panic in sentiment, and the transfer to Galaxy Digital and exchange data may make some investors worry about a potential dump and exit early. However, overall, the current logic of BTC has not changed.

The U.S. stock futures market has not yet reacted to the CPI data.

This article is sponsored by #Bitget ｜ @Bitget_zh

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