Spain's December Services PMI was released at 57.1, surpassing the expected 54.8 and also higher than the previous 55.6. This data reflects that the service sector in Europe's fifth-largest economy continues to improve, with a significantly better-than-expected growth rate. For investors focused on macroeconomic factors, the positive economic data from the Eurozone typically enhances the attractiveness of risk assets, including medium- and long-term prospects in the cryptocurrency market. As a vital pillar of the modern economy, the expansion of the service industry often indicates sufficient overall economic vitality. Such positive signals can, to some extent, influence institutional capital asset allocation decisions.

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StablecoinArbitrageurvip
· 01-06 08:44
57.1 pmi beat is cute and all, but have you checked the correlation coefficient between eurozone macro prints and eth/usd over the past 90 days? spoiler: it's basically noise. most of these "institutional flows" everyone's obsessing over are just algorithmic frontrunning the frontrunners.
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ImpermanentLossFanvip
· 01-06 08:37
Spain's PMI data this time indeed exceeded expectations, but does a good eurozone economy necessarily benefit the crypto market? I remain skeptical.
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SchrodingerAirdropvip
· 01-06 08:24
European economic data improves, is the crypto market about to rise again? Feels like it's always said this way...
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BTCRetirementFundvip
· 01-06 08:21
The economic recovery in Europe can indeed boost the price expectations, but the real decision-makers are still the Fed and what they think...
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