Thoughts on BTC's reaction to the latest CPI print and broader market volatility
Watching $BTC's performance in the wake of last week's CPI data has been interesting, to say the least. While the initial dip wasn't unexpected, the resilience shown after the dust settled has me thinking.
It feels like the market is still trying to digest what sustained higher-for-longer rates really mean for risk assets, especially with some of the equity moves we're seeing. $ZAPP's move today, for example, is a stark reminder of how quickly sentiment can shift in certain corners. Even the $EURCAD pair has had a bit of a swing, now sitting around 1.60892, bouncing back after some earlier weakness. It just underscores the general choppiness. I'm curious if others are seeing BTC as more of a relative safe haven play in this environment, or if it's still largely moving with broader risk-on/off sentiment. Trying to figure out where to slot it into my watchlist given the mixed signals.