On the evening of December 31st, two major economic data releases are imminent, which could have a significant impact on the entire risk asset market including cryptocurrency prices.

First, focus on the US initial jobless claims. The previous figure was 214,000, and the market consensus expects this to be 220,000. How important is this data? It directly determines the Federal Reserve's future interest rate cut pace, and expectations of rate cuts play a crucial role in the valuation of risk assets like Bitcoin. If the actual number is lower than expected, it may indicate that the labor market is more resilient than anticipated; conversely, a higher number could reinforce expectations of rate cuts.

Next is the EIA crude oil inventory data. The previous figure showed an increase of 405,000 barrels, while the market expects a decrease of 2.3 million barrels—this signals a clear shift. If the actual data deviates significantly from expectations, the crude oil market could experience sharp volatility, which may in turn affect risk appetite in the crypto market. Energy price fluctuations often drive the correlation between commodities and high-risk assets.

As this is a data-heavy period at the end of the year, market volatility is likely to be amplified. It is recommended that everyone control their trading pace, implement proper risk management, and avoid being disrupted by short-term data shocks.