The reason for the drop in Bitcoin has been revealed. 🚨 Inflation rose, Bitcoin fell. 📉 🇺🇸 US annual CPI came in at 3.7%. Expectation: 3.6% 📊 Previous: 3.4% 📉 The data came in above expectations, and inflation accelerated again. 🔥 First reaction: $BTC → dropped below $83,000. 📉 Because the market directly connects this to interest rates. 💵🔗 As long as inflation remains high, the likelihood of the Fed keeping interest rates high for longer—or even raising them again—grows stronger. 🏛️📈 Following the data, expectations for an interest rate hike in October strengthened, and 3 additional rate hikes through the end of 2027 started to be priced in. 🗓️⚡ Short-term US rate futures also declined. 📊🔻 In short: Inflation rose 📈 → Rate expectations increased 🏛️ → #Bitcoin under pressure. 📉💥