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#美国9月核心PCE升至3.1%,加息预期仍高 ,对$BTC 影响
美国9月核心PCE同比升至3.1%,叠加三季度GDP超预期,强化了美联储12月加息预期(概率超80%),对BTC构成直接压制。
核心传导逻辑:通胀顽固→加息预期升温→实际利率与无风险收益率抬升→流动性宽松推迟→高风险资产估值承压。BTC对边际流动性变化高度敏感,数据公布后一度跌破77000美元,日内跌超5.8%。
短期展望:若12月加息落地,BTC仍将承压;若后续通胀数据降温、加息预期回落,则可能带来修复窗口。当前宏观利率路径而非链上基本面,是BTC价格的主要驱动因素。
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