Hey guys, the crypto world is a bit chaotic today! The US July PPI year-on-year rate is 3.3%, which is higher than everyone's guess of 2.5%, and the market is in a panic. The big cake has been like a roller coaster these past two days, going up and down, causing quite a stir. Everyone in the group is guessing whether there's any connection. Let's chat about it today!
What does PPI exceeding expectations mean?
PPI reflects producer costs, which rose by 3.3% in July, exceeding expectations, indicating that price pressures are on the way.
What's the reason: I've heard Trump's new tariffs are causing costs to rise significantly, and both service and goods prices are following suit.
Market reaction: As soon as the news broke, the dollar plummeted, gold rose, and expectations for interest rate cuts became unclear; it might not happen in September.
What does it affect: With high prices, the Federal Reserve may not rush to cut interest rates, tightening the money supply, which makes risk assets nervous.
This is like a wind picking up at sea; the fisherman must first see the wave’s head clearly!
Is the big cake roller coaster related to PPI?
These past two days, the big cake dropped from around 124,000 to 118,000, and it's still fluctuating; it feels like it's closely related to the unexpected PPI.
The flow of money has changed: PPI is high, institutions may have withdrawn some funds, and BTC is fluctuating wildly in the short term.
Confused emotions: As soon as people in the square hear about rising prices, they fear that interest rate cuts will fall through, resulting in more sell orders, and the roller coaster is here.
What else: The big cake network is stable, but the trading volume hasn't kept up, which might be because the big players have sold off a bit at high levels.
This is clearly the PPI wind causing the big cake to sway; the fisherman has to wait for the waves to calm before casting the net!
How do you see this connection?
There’s a connection: PPI exceeding expectations disrupts interest rate cut expectations, and the BTC roller coaster might be a reaction to market tension.
Not entirely: The big cake has its own rhythm; the roller coaster might also involve other big players' actions.
Opportunity this morning: The impact of PPI is still fermenting; today might be a good time to stabilize the big cake or wait for a rebound!
Personal opinion
For newcomers looking at this market, it’s like a fisherman in the crypto world watching the river, waiting for the fish to bite.
Plan: For now, let's check the trends on Binance Square; hopefully, the big cake won't drop too much before we try again.
Test the waters: Use some spare cash to feel the bottom, and learn to walk like the big players.
Hope: Once the PPI wind passes, if the big cake stabilizes, there might be another surge by the end of the year!
Beginner's reminder
Don't rush to throw everything away! Only use spare money, don't get dizzy from the roller coaster.
Check the direction: Keep an eye on PPI news and the support for the big cake; don't rush blindly.
Grab some sweetness: Alpha Events still has the 525 SLAY airdrop, don't miss out on the 200 Points!
Casual chat at the end
July PPI exceeded expectations, the big cake roller coaster keeps swaying, and there's a method to this connection! How will you choose tonight? Come to the comments to chat and show off your skills!
#BinanceAlpha #BTCrollercoaster #PPIunexpected #USJulyPPIyearonyearhigherthanexpected
