Bonds faded the hotter CPI print, posting an outside reversal day that suggests yields may have peaked. Bitcoin has held up, but the AI trade is still unwinding: the Korean buybacks have ended, Anthropic’s IPO odds have dropped, and China’s memory push is back in focus. Below, we explain what this means for Bitcoin, Ethereum, and the miners, and the level that would make us exit.
US CPI YoY (LHS) vs. Crude Oil (RHS)
Market Updates
Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.
UpgradeImportant Trading alerts and risk factor analysis.:
- Actionable market analysis that saves you hours.
- Covers on-chain data, macro trends, market structure, flows, catalysts, and more.
- Focused on Bitcoin and top crypto assets.
- Get 2–5 Reports per Week. Know More. Doubt Less.
- Turning market insights into confident action.
