BlockBeats News, December 5 — The US will release September PCE inflation data tonight. As the Fed’s most closely watched price indicator, this result will directly impact the December interest rate decision. Currently, the probability of a 25-basis-point rate cut remains at 87%. The market expects the core PCE year-over-year growth rate to be around 2.8%, slightly above the target but continuing the cooling trend. If the data comes in below expectations, it will reinforce the market narrative of a “soft landing” and the formation of an easing cycle. On the macro side, yesterday’s weaker ADP employment data has made the market more sensitive to this inflation result. Results in line with or below expectations will weigh on the US dollar and support risk assets; if above expectations, renewed sticky inflation could push up US Treasury yields, weaken rate-cut expectations, and trigger short-term capital flight from high-volatility assets. Overall sentiment is cautious, with liquidity on hold pending event outcomes before new positioning. The crypto market continues its choppy pattern, with BTC trading around $92,000. In the short term, the PCE reaction is expected to drive 3–5% volatility. The upper resistance is at $93,800–95,400; if the data is dovish, a quick test of these levels is likely. If the data is hawkish, the support zones at $90,700 and $89,000 will face pressure testing. Technically, the outlook is neutral to slightly weak, with futures buying dominant and spot demand still limited. Bitunix analysts: Before the PCE is released, the market has entered a compressed volatility, wait-and-see structure, with the BTC long-short core battleground concentrated in the $91,000–95,000 range. If the data confirms continued inflation decline, it will increase the probability of a year-end rebound; otherwise, the choppiness will persist, and capital flows will shift back toward defensive and short-term allocations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain whale has opened a long position of $2.7 million in BTC, planning to stop loss half of the position if the price falls back to $68,300.
BlockBeats news, on March 27, according to monitoring by Hyperinsight, a whale starting with 0xe84 opened a 40x leveraged long position in BTC, with a position size of 2.7 million USD, an average price of 68,664 USD, and a liquidation price of 67,726 USD. This whale also placed a market sell order, planning to execute a stop-loss if it drops to 68,300 USD, reducing half of the position.
BlockBeatNews24m ago
U.S. crypto affairs head David Sacks’ term has ended; his successor has not been determined yet
Gate News reports that on March 27, cryptocurrency journalist Eleanor Terrett revealed that as David Sacks' term as a government special advisor comes to an end, the United States has yet to determine whether it will appoint a new head of cryptocurrency affairs. It is reported that policies such as the CLARITY Act and strategic Bitcoin reserves are still being advanced. Additionally, it is currently unclear whether Sacks will continue to be involved in cryptocurrency-related matters as co-chair of the President's Council of Advisors on Science and Technology.
GateNews28m ago
Bitcoin slides below $68,500 as Trump extends Iran deadline but war risks persist
Bitcoin and the broader crypto market faced declines amid conflicting headlines regarding a ceasefire in Iran. While Bitcoin saw significant institutional investment, volatility continues, with analysts cautioning about an impending market decision.
CoinDesk36m ago
What Rising US Bond Yields Mean for Bitcoin
In brief
U.S. 10-year Treasury yields have surged to around 4.42%, forcing markets to reassess the outlook for interest rates and financial conditions.
Bitcoin has held a tight range near $68,000, declining less sharply than equities during the recent macro-driven selloff.
Options markets
Decrypt45m ago
