Analysis: Market focus on CPI, if the CPI data is relatively mild, it will strengthen the upward trend of Bitcoin

QCP Capital, a Singapore-based crypto investment firm, published an analysis stating that the market's focus is on the Consumer Price Index (CPI). After a week of significant volatility, risk assets remain stable within a narrow range. The ongoing US government shutdown has halted the release of most official data from the Bureau of Labor Statistics (BLS), the Bureau of Economic Analysis (BEA), and the Census Bureau. The only major hard data release the Federal Reserve will see in the near future is the September Consumer Price Index (CPI), which the BLS has made an exception and will be released on October 24th. All other data releases will remain frozen until the US government shutdown ends. This makes the CPI the only key anchor for policy statements and market reactions next week. A mild CPI reading, close to 0.2%, would reaffirm the "soft landing" scenario for the economy and, as liquidity expectations improve, strengthen Bitcoin's upward trend.