🚨 BITCOIN IS NOW A MACRO TRADE


BTC is sitting around the mid $60Ks after dropping from $68.4K to $66.2K on April 2, with total crypto market cap at $2.42T as tariff shocks and Iran tensions hit risk assets.
The pattern is now clear as tariff announcements push oil higher, drive CPI expectations, shift Fed policy, and immediately reprice Bitcoin, with BTC showing a 0.94 correlation to the S&P 500.
Supply is tightening fast with only 450 BTC mined daily, exchange reserves at an 8 year low of 2.31M BTC, stablecoins at $316B ATH, and large holders adding 61K BTC in the past month.
Bitcoin needs oil below $90, a soft CPI print, or regulatory clarity to break $75K.
Until then it remains capped by the macro environment.
BTC3,98%
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