4 poststagged with “inflation”
Global M2 shows the highest correlation with Bitcoin's price among all macro variables tested. The money printer dictates the trajectory — and it's running again.
February PPI surged 0.7% MoM — more than double expectations. Core wholesale inflation hit 3.9%. The March FOMC dot plot now projects just one cut in 2026.
Iran closed the Strait of Hormuz. Trump issued a 48-hour ultimatum. Oil spiked above $112, Bitcoin fell to $68K. The 89% S&P correlation confirmed: BTC is a risk asset.
The Fed held at 3.50–3.75%, slashing its 2026 rate cut forecast to one. Oil above $108, PCE at 2.7% — the liquidity catalyst bulls counted on has been delayed.