#Gate 2025 Q2报告出炉# CPI data has a significant impact on the future trend of Bitcoin. Generally speaking, if the CPI data is higher than expected, the price of Bitcoin may fall; if it is lower than expected, the price of Bitcoin may rise. The specific analysis is as follows:

- CPI data exceeds expectations: This will confirm that inflation remains stubborn, and the market may expect the Federal Reserve to adopt tightening monetary policies such as interest rate hikes to curb inflation. As interest rates rise, the opportunity cost of holding non-yielding assets like Bitcoin increases, and investors may turn to traditional income-generating investments, leading to increased selling pressure on Bitcoin and a downward price movement. At the same time, interest rate hikes may strengthen the US dollar, which will also exert pressure on Bitcoin's price, and Bitcoin may test lower support levels.

- CPI data meets expectations: If the Federal Reserve maintains a moderate stance, the direct impact on Bitcoin will be limited, and prices may fluctuate within a certain range. If subsequent data or statements indicate fewer restrictions on Federal Reserve policy, market expectations may become more optimistic, and the price of Bitcoin may rebound.

- CPI data lower than expected: This will strengthen the market's expectations for the Federal Reserve to pause interest rate hikes or adopt a more dovish monetary policy. In a potential low interest rate environment, the attractiveness of Bitcoin as a hedge will increase, which may attract incremental capital inflows, driving the price of Bitcoin to rise, and it may even test historical highs.