Seen this playbook before, CPI print higher than consensus. Commodities are a leading indicator for this. Have you seen the price of gold?

January 2024 consensus was 6-7 cuts, current consensus is 1-2, 25bps cuts in CY2025. 

Imo this is bearish for crypto market, where will the marginal liquidity come from?

Always trying to get a pulse on the market

There’s an argument to be made that U.S instability is bullish for BTC, but on the margin a strong U.S economy will lead to increased flows into the end of risk curve crypto assets (memes, speculative projects, etc)