#比特币对比代币化黄金 An unremarkable data point from last night may be quietly changing the trajectory of the crypto market.

US September Core PCE Year-on-Year was announced at 2.8%, lower than the widely expected 2.9%, and also marking the lowest level in nearly three months. Don’t underestimate this 0.1% difference—PCE is the inflation indicator most closely watched by the Federal Reserve, and every fluctuation re-prices global assets.

The unexpected dip in inflation data sends a subtle signal: the rate hike cycle may truly be nearing its end. Over the past year and a half, the Federal Reserve has been aggressively tightening liquidity, draining the pool of funds, with high-risk assets bearing the brunt. Now, however, the faucet seems to be loosening a bit.

What does liquidity mean for the crypto market? Simply put, it’s the fuel of this market. After a CPI report last year, Bitcoin surged over 10% within 24 hours—the explosive power of that move is still memorable. When capital finds fixed-income assets less attractive, it instinctively seeks high-beta targets—$BTC and Ethereum are often the first stops.

However, looking calmly, a single data point is not enough to confirm a trend reversal. The market needs more evidence to verify whether inflation is truly under control and whether the Federal Reserve will send dovish signals at future meetings. At the very least, this PCE data provides a positive starting point.

For ordinary investors, the worst mistake right now is emotional trading—chasing gains after small rises or panicking after small drops. If you hold positions built at lower levels, especially in major coins, patiently holding may be wiser than frequent trading. If your position is relatively light, consider adding in batches during pullbacks rather than waiting until the market has fully turned before chasing the rally.

Real opportunities often hide when most people are still hesitating. Data speaks, but it’s more important to understand the logic behind the numbers. Stay rational and keep a close eye on changes in macro indicators to seize real opportunities at market turning points.