Just came across a news update: The dollar has risen to its highest level since May 2025. U.S. inflation came in above expectations, fueling bets on interest rate hikes. A quick check showed $BTC down 1.93% intraday.
Leveraged funds are often under pressure around macro data releases, and open interest can fluctuate as well. This news is weighing on short-term sentiment; the impact on fundamentals will depend on further details.