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US July PPI year-on-year is 4.7%, although lower than the expected 4.9%, this figure in the crypto market feels more like a "less tense breath," not exactly a bullish reversal. Month-on-month is flat, indicating upstream price pressure hasn't continued to rise for now, and the market will naturally bet that rate cut expectations are no longer so distant. $BTC #CPIPPIEaseFedSplit #AIInfraEarningsWatch #SpaceX99%ValueFromAI