Last week I was optimistic about CPI, but the reality has changed.
With the update of data and the dynamics of URPD on the chain, I found several key points:
The continuous selling behavior of profitable whales cannot be ignored;
The unexpected increase in PPI data in April may foreshadow the fluctuation of CPI in June;
The surge in US stock indexes has exceeded the normal range;
Given Biden's potential withdrawal from the election, I think it makes little sense to continue to tamper with the data;
Last month's CPI data was 0, which also provided me with a new perspective.
Combining the above factors, I expect CPI tonight may exceed expectations. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike