The idea that $BTC is a reliable macro hedge is crumbling under the weight of real central bank policy.

Traders are obsessed with inflation prints, but they’re missing the point: liquidity is the engine, not supply scarcity. Ignore the CPI headlines and watch the correlation between global M2 money supply and risk-on flows. If that liquidity dries up, watch $ETH and the broader market lose their safe-haven shine.

$BTC #CryptoMacro #FedPolicy #FederalReserve