Just refreshed Odaily+Jin10: CME shows the probability of the Fed’s September rate hike by 25bp is 66.9%, while holding steady is 33.1%. Worshbar is hawkish on both sides, yet BTC is stuck around 78,000. Institutions (Strategy, after 9 weeks, buying $370 million) are fearfully absorbing while the market is afraid of the hike. My take— the more hawkish the macro, the more on-chain chips get concentrated in stronger hands. At this point, do you dare to focus on ETF inflows, or the FUD? $BTC