#数字货币市场洞察 The core PCE data is set to be released tonight at 11:00 PM, with market expectations remaining at 2.9%, unchanged from last month. But the real issue is: when everyone is focused on the numbers themselves, the true game has already begun behind the scenes.

Does data in line with expectations mean smooth sailing? History gives a completely opposite answer. Last year’s case is worth recalling—the data matched market expectations exactly, but within minutes of the release, the market plunged 5% sharply. Traders who believed that “stable data = stable prices” became the losers in this round of the harvesting game. Meanwhile, the real capital completed their low-level positions amid the panic selling.

This kind of operation is not accidental. Creating unexpected volatility with expected data is a common psychological tactic used by major players. Behind the bland numbers often lies a carefully designed process of shaking out weak hands.

For ordinary investors, the key is not predicting the data itself, but interpreting how the market reacts to it. If there is a sharp, short-term drop after the data is released, this could actually signal the tail end of panic selling; conversely, if the market remains unusually calm after the data release, the true directional move often erupts suddenly after this period of calm. The trend of $BTC $ETH $BNB could show a completely different face during this time window.

The market never lacks data; what it lacks is the ability to understand the logic behind the games being played with the data.