Hotter-than-expected inflation data from the US services sector just threw a wrench into the macro narrative. With the price gauge hitting a four-year high, expectations for aggressive rate cuts are fading fast. This is a crucial reality check for crypto bulls relying on cheap liquidity. Leveraged Bitcoin positions are particularly vulnerable right now as the market recalibrates. Stay cautious, manage your risk closely, and watch how macro headwinds impact upcoming spot price action. $BTC #Bitcoin #Macro #Inflation