There is a gap between headline inflation and core CPI inflation.
Headline inflation has fallen again and is now in the pre-COVID range.
Core inflation remains at a high plateau, well above pre-COVID levels.
That's why the Fed is in no rush to cut rates sharply at the next few FOMC meetings. The inflation problem is not yet fully solved.
This situation is a problem for $BTC . If the Fed (and other major central banks) do not inject more liquidity into the system, it could slow down the growth of $BTC.
Currently, macroeconomic conditions are favorable for $BTC . But we are missing a monetary catalyst that could trigger the next parabolic move.
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