#Solana行情走势解读 $BTC faces an improving macro environment. Brazilian inflation data has sent a signal—January's annual inflation rate returned to 4.26%, the lowest level since August 2024, successfully falling within the central bank's target range. Month-over-month, there was only a 0.33% increase in January.

More importantly, the interest rate issue. Brazil's benchmark interest rate is currently stuck at 15%, the highest in nearly twenty years. But as inflation pressures ease, expectations for rate cuts are heating up. Once the central bank begins to loosen monetary policy, borrowing costs will decrease, and liquidity will become relatively ample—this is always a positive signal for risk assets.

Economic growth slowdown is already a fact, and inflation expectations are gradually cooling. Investors generally bet on a rate cut in the coming months. Such a loose liquidity environment has historically driven increased allocation to crypto assets. A large-scale rate cut cycle often stimulates a rotation in risk appetite.