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#通胀数据影响# Recently, the crypto market has shown a strong Rebound, with Bitcoin approaching historical highs and Ethereum hitting a new high since 2021. Analysis indicates that this aligns with the overall trend of rising risk appetite. Currently, market attention is turning towards the upcoming US CPI data. If it falls below expectations, it may solidify the Fed's expectations for a rate cut in September, further driving up crypto assets. However, if it exceeds expectations, the rise may pause. From on-chain data, funds continue to flow into the crypto market, showing a positive long-term trend. However, considering seasonal factors, prices may rise gradually rather than sharply. It is recommended to follow institutional demand and the inflow of Spot ETF funds to seize structural opportunities.