According to reports, Bitcoin's price movement has not correlated with positive macro headlines, such as cooling U.S. inflation. Despite expectations of Federal Reserve rate cuts, Bitcoin has remained range-bound. Traders are reportedly focusing on real yields, money-market dynamics, and spot ETF flows rather than macro headlines. The latest inflation data, while positive, faced credibility issues due to data disruptions. The gap between implied probabilities and policymakers' projections contributes to this disconnect. Real yields and liquidity conditions are key factors influencing Bitcoin's price. Usage of the New York Fed’s Standing Repo Facility hit a record, indicating available but not effortless liquidity. Bitcoin's price behavior is consistent with a flow-and-positioning regime, with defined support and rejection zones.

According to reports, Bitcoin's price movement has not correlated with positive macro headlines, such as cooling U.S. inflation. Despite expectations of Federal Reserve rate cuts, Bitcoin has remained range-bound. Traders are reportedly focusing on real yields, money-market dynamics, and spot ETF flows rather than macro headlines. The latest inflation data, while positive, faced credibility issues due to data disruptions. The gap between implied probabilities and policymakers' projections contributes to this disconnect. Real yields and liquidity conditions are key factors influencing Bitcoin's price. Usage of the New York Fed’s Standing Repo Facility hit a record, indicating available but not effortless liquidity. Bitcoin's price behavior is consistent with a flow-and-positioning regime, with defined support and rejection zones.