The cryptocurrency market has exploded due to the CPI data, BTC surged to 96000 in just one night. The market's sensitivity to CPI is mainly due to its fear of the Federal Reserve's attitude, and the key to the December 2025 data is to eliminate panic. Here is a brief list of data: The overall CPI increased by 2.7% year-on-year (month on month+0.3%), while the core CPI increased by 2.6% year-on-year (month on month+0.2%). The internal structure has not been fully cooled down. Shelter, with a month on month increase of+0.4%, is the biggest driving force; Food has also increased by+0.7%. The only cooling agents are used cars and trucks (-1.1%) and communication services. The upward logic is also very simple and linear, in just one sentence, it means that when all the negative factors are eliminated, it is a positive factor. The logic of the market has always been that as long as inflation does not get out of control, the Federal Reserve has no reason to suddenly change its stance and stop cutting or raising interest rates. If inflation is under control, there will inevitably be considerable room for interest rate cuts, That is to say, at the moment the data is released, the market has already confirmed that the Federal Reserve is not in a hurry to tighten, and funds will flood back into risky assets in a short-term retaliatory manner. Another reason for being able to reach 96000 is that BTC has a strong technical barrier near $94500, and with just a few million dollars, it has leveraged a huge domino effect, which can be considered a long-awaited stampede in the cryptocurrency market. Within 24 hours of this surge, the total market liquidation amount reached $159 million. The short position was liquidated by approximately $94.9 million, far higher than the long position of $63.8 million. Specifically for Bitcoin (BTC), approximately $44.1 million of short funds were instantly wiped out. Of course, it would be best if we could stabilize at 94500, but we cannot rule out the possibility of it still falling below, After all, CPI only provides a not so bad expectation, and whether it can continue to break through depends on the inflow of funds into ETFs and the overall market sentiment.