On August 6, the U.S. President Trump fired the BLS director, raising market concerns about the politicization of inflation data. The TIPS market (2.1 trillion USD) heavily relies on the credibility of CPI data, and if trust is shaken, it could become the first breaking point in the U.S. Treasury market. TIPS have performed strongly this year, reflecting high inflation expectations, with the market closely watching next week's CPI report. Short-term U.S. bond yields have plummeted, with investors betting on an early Fed rate cut.
In the cryptocurrency sector, BTC's recent trend has been affected by macroeconomic uncertainty. 112,000 serves as a short-term support level, and a breakdown could trigger a chain of liquidations, with short-term pressure remaining significant.
Bitunix analyst suggests:
The credibility of U.S. inflation data being undermined will intensify market risk aversion, and BTC is likely to be affected by liquidity liquidation in the short term. Investors are advised to closely monitor the support zone of 112,000~113,000, and strictly manage risks if this level is breached. If the negative CPI data is fully priced in, a rebound may be expected. It is recommended to flexibly adjust positions and wait for a clear direction before increasing exposure.
