The US GDP data will be released tonight, and this announcement will become a key factor in stirring up the crypto assets market. The trends of $ICP and other mainstream tokens to some extent depend on the market's reaction to this data.
In simple terms, it all comes down to the "expectation gap." The key figure that the market is currently focused on is 3.1%.
What happens if the data is below 3.1%? This means that the economic growth rate is not as expected, and the market's expectation for a rate cut by the Federal Reserve will increase. From past experience, loose liquidity often ignites the upward momentum of crypto assets. On the contrary, if the GDP data is ≥3.2%, it indicates that the economic fundamentals are still good, and the expectation of "long-term high interest rates" will be strengthened, naturally reducing the attractiveness of risk assets, which may put pressure on the crypto market.
No matter the outcome, tonight is destined to be anything but calm. The moment the data is released, the price fluctuations will be quite severe. It is recommended to closely monitor the real-time reactions of interest rate futures—that is the true market trend.
What do you think? Do you believe this data will point to a "rate cut frenzy" or "sustained high interest rates"? Have you adjusted your positions? See you in the comments.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
6
Repost
Share
Comment
0/400
SchrodingerAirdrop
· 8h ago
I've already liquidated my positions long ago. This wave of data is a bit uncertain; I feel we still need to watch the Federal Reserve's stance.
View OriginalReply0
GasFeeLady
· 12-23 12:53
ngl watching the gwei spike on this gdp drop lol... classic market timing moment fr fr
Reply0
BtcDailyResearcher
· 12-23 12:53
The interest rate cut frenzy is just a dream, the Fed isn't that kind-hearted.
Wait, could this figure of 3.1 be a trap?
Betting on high interest rates to continue, the position has already been adjusted.
Once the GDP data comes out, it's another wave of being played for suckers.
If it stabilizes above 3.2, ETH will fall, I've already reduced my position in advance.
Interest rate cut? I can't shake the feeling that the Fed is playing tricks on us.
To see the real trend, just look at futures; the candlestick charts are the most deceptive.
The expectation gap is the most annoying, it's hard to guess.
Waiting for the Fed to give us a lesson.
View OriginalReply0
RunWhenCut
· 12-23 12:48
The older brother is right, it's a game of betting on the expectation difference now; if it falls below 3.1, we’ll see if the interest rate cuts can save the market.
I cleared half of my holdings this morning, still waiting for the data to come in before making any decisions.
If it goes above 3.2, it looks like this wave will likely plummet again.
To be honest, I'm a bit anxious, I can't hold onto my ICP anymore.
The interest rate futures are the key; the fluctuations in coin prices are all fake.
I do look forward to the interest rate cut frenzy, but I feel it won't go so smoothly.
View OriginalReply0
nft_widow
· 12-23 12:44
I already have a Short Position, waiting to see how the wind blows, this data is not something to gamble on.
---
I'm tired of hearing about interest rate cuts. Whenever GDP falls short of expectations, the market celebrates, but what's the reality?
---
Hey, did you notice the reaction in the interest rate futures? Anyway, I'm watching the market until dawn.
---
The 3.1 level is a bit awkward; it feels like no matter how you exit, someone will be trapped.
---
Instead of guessing GDP, why not guess if the Fed will change its stance again? That's what really matters.
---
I already reduced my position by half yesterday; it's better to be conservative during such uncertain times.
---
Can loosening liquidity save the crypto world? That's wishful thinking; there was plenty of loosening two years ago as well.
---
High interest rates are fine, low interest rates are fine; the crypto world can always find a reason to rise.
---
To be honest, no matter how scary the GDP data is, it can't compare to the Fed suddenly changing its direction.
---
Wait, have you all considered that perhaps the policy aspect isn't that important anymore? Now it's Bitcoin Spot ETF that sets the pace.
View OriginalReply0
ser_we_are_early
· 12-23 12:33
Oh my, it's this trap again. If it falls below 3.1, we celebrate; if it goes above 3.2, it's game over. Is it always this thrilling?
I've already gone all in on ETH, just waiting to see if tonight is heaven or hell.
To be honest, I can never accurately bet on this expectation gap; it's still more stable to follow the interest rate futures.
That GDP thing feels even less reliable than data from the crypto world...
Rate cuts? Dream on, I'm betting on high interest rates continuing, anyway, the coin has already fallen to the bottom.
The US GDP data will be released tonight, and this announcement will become a key factor in stirring up the crypto assets market. The trends of $ICP and other mainstream tokens to some extent depend on the market's reaction to this data.
In simple terms, it all comes down to the "expectation gap." The key figure that the market is currently focused on is 3.1%.
What happens if the data is below 3.1%? This means that the economic growth rate is not as expected, and the market's expectation for a rate cut by the Federal Reserve will increase. From past experience, loose liquidity often ignites the upward momentum of crypto assets. On the contrary, if the GDP data is ≥3.2%, it indicates that the economic fundamentals are still good, and the expectation of "long-term high interest rates" will be strengthened, naturally reducing the attractiveness of risk assets, which may put pressure on the crypto market.
No matter the outcome, tonight is destined to be anything but calm. The moment the data is released, the price fluctuations will be quite severe. It is recommended to closely monitor the real-time reactions of interest rate futures—that is the true market trend.
What do you think? Do you believe this data will point to a "rate cut frenzy" or "sustained high interest rates"? Have you adjusted your positions? See you in the comments.