The latest data shows that the Producer Price Index (PPI) in the U.S. for July reached a year-on-year rate of 3.3%, far exceeding the market expectation of 2.5%. This data indicates that inflationary pressures still exist and may affect the Fed's future monetary policy decisions.

At the same time, the Bitcoin market has shown strong resilience. Despite facing potential macroeconomic uncertainties, the Bitcoin price remains stable at around $123,000. It is worth noting that institutional investors' interest in Bitcoin seems to be increasing, as evidenced by the continued buying activity.

However, the market's expectations for a rate cut by the Fed in September have cooled. Currently, traders believe the probability of a rate cut in September has fallen to 92.5%. If the Fed indeed delays the rate cut, it could lead to tighter market liquidity, which in turn may affect the price of Bitcoin. Analysts predict that in this scenario, Bitcoin could experience a short-term adjustment, with the price potentially falling to around $110,000.

Nevertheless, many Bitcoin holders remain optimistic and adhere to a long-term holding strategy. Some investors even humorously express that they dream of Bitcoin prices reaching $150,000. This reflects that market participants' confidence in Bitcoin's long-term prospects is still strong, even in the face of short-term fluctuations.

Overall, although the inflation data exceeding expectations may bring some uncertainty, the overall performance of the Bitcoin market remains relatively stable. Investors need to closely monitor the Fed's policy trends and their potential impact on the cryptocurrency market.