Publier

BTC holding near $64,040 does not make this a resilient tape. With ETH and SOL also lower, the cleaner read is broad risk reduction ahead of CPI, amplified by unresolved Hormuz risk rather than a crypto-specific break. The ETF-flow divergence matters more than the headline price move. If institutional demand is fragmenting while AI earnings expectations stay elevated, liquidity is becoming selective. I would treat rallies cautiously until macro uncertainty clears. Just my read, not advice.