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Turkey's latest quarterly data is painting an interesting picture for macro watchers. The demand-side indicators are apparently still backing the disinflationary trajectory that policymakers have been eyeing.
What's worth noting here? When a major economy shows cooling demand while maintaining disinflation momentum, it typically signals shifting capital flows. For crypto markets, these macro pivots often matter more than people realize—central bank policies don't exist in a vacuum.
The real question: if demand pressures keep easing across emerging markets, where does that liquidity flow next? Something to monitor as Q1 wraps up.