The US CPI data in the cryptocurrency market is like an invisible thread, pulling the entire fabric with a single tug.

When CPI data exceeds expectations, the Federal Reserve's rate hike expectations heat up accordingly, and the attractiveness of dollar assets sharply increases. What’s the result? Retail investors and institutions alike withdraw from high-risk assets like Bitcoin and Ethereum, and capital flows into traditional financial safe havens. Cryptocurrency prices come under pressure, almost inevitably.

Conversely, if CPI data falls below expectations? The market begins to bet on loose monetary policy, and risk appetite is reignited. At this point, the virtual currency market often experiences a rebound window, and investor enthusiasm is reignited.

But there is one thing to be cautious about — CPI is just one move on the chessboard, far from the whole picture. Regulatory policy directions, breakthroughs in technological innovation, market sentiment fluctuations — these variables also secretly influence the market. Sometimes, their power even surpasses macroeconomic data.

Therefore, the investors who can truly survive in this market are often those who keep a close eye on global economic dynamics and are not blinded by a single factor. Only by broadening their perspective can they make rational decisions amid the complex game of multiple factors.