🔴 Bitcoin's drop below $84,000 shows that macro liquidity is steering the ship 📉. Rising oil prices pushed yields on 30-year Treasury bonds to their highest levels since 2002, forcing traders to reduce risk ahead of the PCE inflation data release. Higher yields mean tighter capital conditions in crypto markets ⚡. Watch the bond market’s reaction after the inflation print for the next directional signal.

Hot PCE data will push Bitcoin deeper into the discount zone, or has the yield shock already been priced in? 👇

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