The inflation data from the G20 finally seems to be easing.

The latest forecasts indicate that this year's consumer price index year-on-year growth rate is still at 3.4%, but if this trend continues, it could drop to 2.9% next year and possibly slide to 2.5% by 2027. The target range set by central banks in various countries is basically within reach.

If this round of cooling can really be realized, it will be a good signal for market liquidity. After all, over the past two years, high inflation has forced major central banks to raise interest rates aggressively, tightening the financial environment. Now that the data is starting to decline, there is room for a policy shift - although we cannot expect immediate rate cuts, at least the end of the rate hike cycle is in sight.

The most sensitive thing in the Web3 circle is this kind of macro change. Only with liquidity easing can risk assets have a chance to breathe.