Wintermute: CPI data and CLARITY Act are key events in the cryptocurrency market this week

Wintermute tweeted that the current stage of the cryptocurrency market is mainly focused on consolidation, with prices remaining stable in the range of $89000 to $90000. The clearance of leverage has not triggered forced liquidation, and trading volume is healthy. The price trend shows no signs of selling. Morgan Stanley's application for an internal ETF, Bank of America's open advisory recommendation, and the upcoming vote on the CLARITY Act provide background support for market interpretation. The weak CPI data may push for interest rate cuts. The passage of the CLARITY Act will alleviate long-term pressure, and the macroeconomic environment will be conducive to price increases. The risk lies in the overheating of CPI data, and the Federal Reserve may remain cautious, but the bottom still appears stable.