EIA crude oil inventory data, with two key points affecting the core:



Data impacts oil prices:
Inventory decrease exceeding expectations → oil prices rise;
Decrease less than expected → oil prices fall.

Oil price transmission to the crypto world:
Oil price rise → inflation expectations increase → Federal Reserve expectations of rate cuts weaken → negative impact on cryptocurrencies; oil price fall has the opposite effect.
It is an indirect influencing factor, only amplifying short-term fluctuations, not the core driver of crypto prices. #Gate广场五月交易分享 $BTC
BTC-0.12%
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