Macro is choking $BTC right now. Bitcoin's getting crushed in the risk-off wave—tech debt piling up, oil spiking, and the Fed's not cutting rates anytime soon.

QCP's breakdown:
• AI credit stress exploding
• Oil at local tops
• Rate cuts? Forget it

Bitcoin's still moving like a tech stock, not the safe haven everyone hoped for. Until macro flips, expect more pain.