U.S. inflation data is set to be released soon, with U.S. stock futures showing divergent trends.

Ahead of the release of U.S. October inflation data, data from CME’s FedWatch tool shows the probability that the Federal Reserve will hold interest rates steady in December is 0%, a 25 basis point rate hike is 98.9%, and a cumulative 50 basis point hike is 1.1%. For next January, the probability of the Fed keeping rates unchanged is 0%, a cumulative 25 basis point hike is 64.9%, and a cumulative 50 basis point hike is 34.8%.

Binance Research said on Tuesday that with the pace of global monetary tightening slowing, Bitcoin is expected to find support even as markets anticipate a U.S. Federal Reserve interest rate hike in December. In a report, the research arm noted that among the 10 central banks it tracks, 8 have raised interest rates over the past six months, including a hike announced by Sweden’s Riksbank on November 4. However, the momentum of global monetary tightening has started to ease since peaking in July this year. “Whether this slowdown trend can continue into early 2027 will be key to judging whether the macro environment is reducing its adverse impact on the crypto market,” the report said. Binance Research also reviewed previous market cycles: Bitcoin hit a bottom in November 2022, and its six-month return turned positive in February 2023, at a time when none of the central banks tracked by the index had yet begun cutting rates. Similarly, in 2024, despite global monetary tightening measures still in place, Bitcoin’s six-month return in March that year exceeded 160%, marking the highest level of that cycle. The report emphasized: “In both cases, Bitcoin followed the direction of changes in global monetary policy, rather than the absolute level of policy interest rates.”

U.S. October seasonally adjusted CPI monthly rate comes in at 0.4%, against an expected 0.3%. (Jinshi)

According to HTX market data, Bitcoin has seen a short-term price plunge below $74,000, currently trading at $73,762, with a 1.31% drop over the past 24 hours.

Per Onchain Lens monitoring, crypto personality "Big Brother Ma Ji" (Huang Lichang) has sold two BAYC NFTs, totaling a loss of approximately $86,980. BAYC #9593 was sold for $15,720, with an original purchase price of $62,990, resulting in a loss of around $47,270; BAYC #65 fetched $14,680, having cost $54,390 to buy, translating to a loss of roughly $39,720.

According to Lookonchain's monitoring, a whale address that had been dormant for nine months withdrew 10,000 ETH from Binance an hour ago, valued at approximately $20.89 million.