#美国经济指标分析 Latest data shows that the probability of a Fed rate cut in December has exceeded 50%. This change is mainly due to dovish signals recently released by several Fed officials. From on-chain data, this news has already triggered subtle shifts in capital flows. In the short term, I expect a modest uptick in the cryptocurrency market. However, it is still necessary to closely monitor subsequent economic indicators, especially the CPI data before the next FOMC meeting. Investors are advised to remain cautious, keep a close eye on the capital movements of large addresses, and watch changes in stablecoin minting volumes, as these indicators may reflect shifts in market sentiment ahead of time.