The latest changes in economic indicators have triggered a dramatic reaction in the financial markets. The recently released U.S. core PCE price index data has stirred a wave in the market. The S&P 500 index futures subsequently rose by 0.3%, while the dollar index experienced a significant drop, falling more than 10 points, currently reported at 98.33. This change in data may indicate a potential turning point in the economic direction.

For the cryptocurrency market, changes in these economic indicators can have far-reaching effects. A weakening dollar typically drives investors to shift their funds towards higher-risk asset classes. Historical data shows that there is often an inverse relationship between the dollar index and the cryptocurrency market. Therefore, this wave of economic data may inject new liquidity expectations into the market.

PCE, as an inflation indicator closely monitored by the Federal Reserve, may alleviate the pressure for future interest rate hikes if it continues to show a trend of moderation. It is noteworthy that on-chain data shows a recent trend of accumulation by large wallet addresses, which may indicate that some investors have begun to position themselves in advance.

The rise of US stock futures usually boosts the overall market's risk appetite. In this situation, the altcoin sector in the cryptocurrency market may welcome new development opportunities. In particular, projects that have recently made breakthroughs in underlying technology may become the focus of capital inflows.

However, we also need to recognize that the current economic data may only be preliminary signals of market changes. The true policy direction of the Federal Reserve may only become fully clear at next month's monetary policy meeting. Interestingly, on-chain data shows that some large holding addresses have transferred about 20,000 Bitcoins to exchanges in the past three days. Whether this move is for selling off or preparing to drive up prices remains uncertain.

Overall, the release of this PCE data has brought new variables to the market. It may be an important indicator of the future market direction, or it could just be a short-term fluctuation factor. For investors, closely monitoring subsequent economic data and policy directions, and adjusting strategies in a timely manner based on market changes will become particularly important.