The U.S. Labor Department suddenly retracted the October CPI data, which completely bewildered the market. Traders stared at the blank data page in confusion, and the crypto market was thrown into chaos in an instant—BTC prices fluctuated wildly, and the Candlestick Chart was dizzying to behold. I refreshed the page several times, thinking there was a problem with the network.

CPI is not something to be taken lightly. It's like a barometer of inflation, directly influencing the Federal Reserve's decision-making direction. If the data rises, interest rate hike expectations go up, and risk assets take a hit; if the data falls, interest rate cut expectations warm up, and assets like cryptocurrencies often see a wave of market activity. The last time the Labor Department did something like this with data was 20 years ago, and this time it essentially tells the market "there's something going on with the data, let's not look for now." It's not just the financial circle that is shocked; even those who aren't in the know are asking if something big has happened.

Having been in the crypto space for so many years, I've seen all kinds of scenes. Although this situation seems magical, if you think about it, there are a few possibilities that are quite intriguing.

The most likely scenario is that the data is surprisingly low, and the Federal Reserve needs time to digest it. There are whispers from some channels that the October CPI year-on-year may drop directly below 3%, significantly lower than the market's general expectation of 3.3%. If this number really comes out, it means that the speed of inflation cooling exceeds expectations, and the expectation of interest rate cuts will be ignited directly. But here comes the problem: if the data is too good, it makes it difficult for the decision-makers, who have to reassess the pace of policy, so they might simply withdraw and calm down first.

This could be a hidden bullish signal for the crypto market.