🎄Welcome to this week's global tracking👀🎄 Data Fiction, Market Reality. 🤔After a prolonged shutdown, the BLS released delayed labour and inflation data based on questionable assumptions that flattered a rate-cut narrative. Markets largely shrugged, showing that credibility now carries as much weight as the prints. The incentives may be as fiscal as political, given how progressive income-tax receipts track equity markets. 🧐Meanwhile, the ECB’s pathless pause and the BoE’s hawkish cut temper expectations of a smooth easing cycle. 🧐For crypto, diminished faith in data and reaction functions lifts risk premia and keeps implied forward yields muted until data credibility is restored. Read more👉 https://blofin.com/en/academy/flow-insights/whale-s-tracking-data-fiction-market-reality(BloFin Research)