According to PANews, Singaporean crypto investment institution QCP Capital said in a statement that the release of CPI data tonight attracted market attention, and the probability of a rate cut in September is expected to reach 70%. The continued rise in the stock market reflects optimism, but the cryptocurrency market has not yet priced it in. This morning, Bitcoin's front-end volatility rose by 5 percentage points, and risk reversal preferences rose, indicating that the market may face upward volatility. Yesterday, the German government transferred 10,000 bitcoins to the exchange. The wallet now holds only 15,000 bitcoins, a significant decrease from 50,000 in mid-June, suggesting that supply pressure may ease. In this context, weaker CPI data may become a catalyst for the market to break through the current range. Coupled with the expectation of the launch of the Ethereum spot ETF next week, the upside risk and return opportunities of digital assets are emerging.
