The market has just barely recovered from the By-bit Hacker incident, but before taking a breather, a new crisis quickly emerged like a surging tide. In-fini unfortunately suffered a massive theft of up to 50 million US dollars, and what's even more distressing is that the thieves directly converted this fund into Ethereum and started dumping wildly, causing the market to suffer a heavy blow once again. BTC dropped by one percentage point in response, while Altcoins experienced a big dump of 10 percentage points. Ethereum's performance was notably weak, seemingly strong over the weekend every time, making people eagerly anticipate its soaring, only to be repeatedly disappointed by reality. Many frens are anxiously discussing whether this market will never rise again. They are also puzzled whether the rule of 'what goes up must come down' applies to the current volatile market. However, the current trend actually resembles a phase of bottoming out. So, instead of fearing, everyone should be optimistic and full of anticipation. Frens in Short Positions may secretly rejoice, lick their lips, and simply focus on buying low. February is quietly coming to an end, with just one week left. It's hard to have high expectations for this week's market. However, starting from next month, this market, which has been as calm as stagnant water, is likely to stir up waves. As the saying goes, there's length in width and height in vertical. This not only covers the dimension of time but also includes the dimension of space.

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This Friday, the core PCE data for January in the United States is about to be released, which is undoubtedly the focus of market attention. Core PCE is considered the most important inflation data for the Fed. Compared to CPI and the unemployment rate, it can more accurately and delicately reflect the true situation of the US economy. Once this data shows a downward trend, the tense nerves of the market may be able to relax, and investors' sentiment will significantly improve. In addition, when discussing the inflation issue in the US, the situation of the Russia-Ukraine war is also a key factor that cannot be ignored. From the current situation, achieving a ceasefire in March is a possibility. If this positive vision can come true, it is undoubtedly a major positive news for the market. Because a Russia-Ukraine ceasefire can greatly alleviate the inflation pressure in the US, and may even successfully offset the negative impact of Trump's tariff policy, which is extremely beneficial for the Fed to implement future rate cuts. Once the expectation of rate cuts significantly increases, the market is unlikely to experience a downturn, but may instead usher in new development opportunities.
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From the perspective of market sentiment analysis, it has already entered an extreme state, most likely approaching the bottom area. Looking at the turnover rate and trading volume, the turnover rate is at an extremely low level, and the trading volume is continuously decreasing, clearly indicating that the market has entered the so-called "trash time" low point. In this situation, most investors choose to hold and wait, unwilling to easily participate in trading. The entire market is looking forward to when the Fed can start large-scale easing, when it can start expanding its balance sheet, and is also closely watching when the strategic reserve bill can be officially implemented. It is worth noting that currently more than 30 states in the U.S. are actively promoting legislation for strategic reserves, adding 8 states compared to last week. Once one of these states passes the relevant bill first, other states will inevitably follow suit. It is estimated that these states are likely to inject over 30 billion dollars, undoubtedly injecting a shot in the arm for the market, bringing new vitality and opportunities to the market.