BlockBeats news: On March 11, the U.S. February Consumer Price Index (CPI) will be released at 20:30 UTC+8. The market generally expects a monthly CPI increase of approximately 0.3%, with the annual rate holding steady at 2.4%, and a monthly core CPI increase of around 0.2%. Several institutions, including Goldman Sachs, anticipate a modest cooling in core inflation. However, energy prices and geopolitical risks may still introduce uncertainty into future inflation trends, causing markets to remain highly cautious ahead of the data release.
Recent weak U.S. employment data has further increased the importance of this inflation report. The market is using the CPI to assess the Fed’s future policy path: if inflation continues to decline, monetary policy may remain accommodative; however, if rising energy prices transmit to inflation, uncertainty around the interest rate trajectory will persist.
Amid heightened macroeconomic uncertainty, risk assets as a whole have entered a new equilibrium characterized by wait-and-see behavior pending data triggers. Capital flows across markets have shown clear divergences between energy, commodities, and technology stocks, keeping short-term market volatility relatively elevated.
In the crypto market, BTC has rebounded and entered a range-bound consolidation. Significant short liquidity remains accumulated near the $72,000 resistance level, while a leverage long liquidation zone persists around $67,000–$69,000. The current price is oscillating around $69,600.
Overall, ahead of the CPI data release, the crypto market has not yet formed a new one-sided trend; BTC price action has largely reflected liquidity-based trading within a range driven by macro events.