Tonight's CPI will determine life or death! Fear of rate hikes reignited, is the crypto world really about to change?

Honestly, everyone has been betting on rate cuts over the past year, but the trend suddenly shifted.

If tonight's US May CPI really surges to 4.2%, that will be the first time in three years to return above 4%, and the inflation fire cannot be suppressed at all. Even more frightening is that this round of price increases is not just oil prices; tariffs and service costs are also pushing up, wages simply can't keep up with prices, and purchasing power continues to be eroded. My biggest concern is not the single-month figure, but inflation expectations spiraling out of control again, forcing the Fed to hike rates again.

The smart money in the bond market has already bet on it; US bond yields are soaring, even starting to price in a rate hike in September. As if that weren't enough, Japan is also likely to hike next week, hitting a 30-year high. Once the US, Japan, and Europe all tighten monetary policy, the era of cheap money globally will end, and high-risk assets like cryptocurrencies will be the first to suffer. During the day, Bitcoin already showed weakness with a shadowy decline, and altcoins are even more bleak — this is just a prelude.

So tonight's CPI isn't just a simple long-short battle; it's a turning point for global asset pricing in the second half of the year.

My clear view: don't rush to buy the dip, let the bullets fly for a while. Only when the trend is clear can trading be safe.

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