【Blockchain Rhythm】The FOMC meeting just concluded, and market focus has shifted entirely to US economic data—this is the true stress test for liquidity next year. Retail sales, unemployment claims, CPI, PCE—these data releases are coming in rapid succession, and each report could reshape interest rate expectations.
Analysts point out that traders have stopped speculating on last week's rate cut news. The current game plan is to use upcoming economic data to verify or overturn the Federal Reserve's decisions. Inflation data is especially critical. If the data exceeds expectations, the "hawkish rate cut" talk could be reignited; conversely, if the data underperforms, risk assets might rally again before the end of the year.
What's even more interesting is the on-chain activity. According to large inflows into exchanges, the number of single large-value transfers exceeding 1 BTC is rapidly shrinking—hitting the lowest level since 2018. The annual average flow hovers around 6,500 BTC, with weekly averages even lower at 52