📈 China's export prices rose +5% YoY in April — the first increase in three years, ending a long stretch of deflationary pressure. The Iran War shock drove the surge: mineral fuels +22%, fertilizer +17%, electronics +21% on severe chip shortages. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: China has been the world's disinflationary anchor. If that anchor is slipping, it changes the macro backdrop for all risk assets. For crypto, the read is mixed — commodity-driven inflation supports BTC's hard-money narrative medium-term, but it complicates the Fed's rate-cut path, which is near-term bearish for liquidity-sensitive assets. Watch May data for follow-through. --source: https://x.com/KobeissiLetter/status/2061659496166965484 Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))