The encryption logic behind PCE's "Cold and Hot Interweaving": The specter of stagflation and Bitcoin's "atypical" rebound

The latest published U.S. January core PCE price index rose by 3.1% year-on-year, reaching a nearly two-year high, with a month-on-month growth rate maintaining a high level of 0.4%, completely shattering market illusions of a rapid drop in inflation. Even more concerning is that the actual GDP for the fourth quarter has been brutally revised down to 0.7%, forming a typical combination of "cold economy, hot inflation" stagflation. Against the backdrop of rising oil prices due to the Middle East conflict, the Federal Reserve is caught in a policy dilemma, and the interest rate cut script has been disrupted.

However, it is precisely under this macro gloom that Bitcoin has shown remarkable resilience, breaking through the $74,000 mark at one point. This "atypical" rise is primarily due to the market's optimistic interpretation of data that "meets expectations": although inflation is running high, there has not been extreme deterioration, and some investors view this as a signal of negative news being priced in. At the same time, stagflation expectations have reinforced Bitcoin's macro hedging properties as "digital gold," attracting funds to separate its pricing from weak traditional assets. Looking ahead, if inflation data does not further spiral out of control, Bitcoin is expected to oscillate widely in the range of $70,000 to $75,000, gradually establishing its position as a value store besides sovereign credit risk exposure; however, if the Federal Reserve is forced to release a more hawkish signal due to inflation, the market will face the test of tightening liquidity. #PCE指标

Midnight Network: Building a "Rational Privacy" Barrier for Digital Sovereignty

In the current climate of increased macro volatility and the growing preciousness of data sovereignty, Midnight Network has constructed a compliant privacy layer that balances data protection and selective disclosure through zero-knowledge proof technology. It allows users to protect sensitive information by default and only disclose specific details to certain parties when necessary (e.g., to meet regulatory audits). Its innovative dual-token model—$NIGHT for governance and staking, and DUST for paying transaction fees—effectively separates value storage from network resources. In the wave of asset digitization, Midnight provides a trustworthy privacy bridge for funds seeking to balance risk aversion and compliance, allowing #night to become the rational light guarding digital sovereignty. #night $NIGHT @MidnightNetwork