Macro volatility spiked following the latest CPI print but Bitcoin demonstrated unexpected resilience. While traditional markets reacted sharply to inflation data the crypto market showed signs of consolidation rather than capitulation.
Most notably the selling pressure within spot Bitcoin ETFs has decelerated significantly. This suggests that the aggressive liquidation phase is transitioning into a period of absorption by institutional holders.
Traders should watch for a shift in liquidity dynamics as the market digests these inflation figures.