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These days, I really feel how much the US CPI forecast impacts the market. You saw how Bitcoin reacted when the December consumer prices rose by 0.3%. Of course, the current spot price is around $74,600, but the movement back then was really quick.
Every time economic indicators are released, I notice that if CPI forecasts are not accurate, the market swings wildly. When inflation data exceeds expectations, it leads to concerns about interest rates, which then affects the cryptocurrency market as well. Especially when CPI forecasts miss the mark, volatility becomes really intense.
Going forward, I think it's important to check the CPI forecast before economic data releases. Since risk assets like Bitcoin are sensitive to macro trends, we need to monitor inflation trends carefully and position ourselves accordingly.