🪐 Inflation Just Repriced the Tape The CPI shock matters less as a single print and more as a regime signal: the market just lost the easy story of cuts and calm inflation. To me, that is the real damage—because once rate relief is questioned, every risk asset has to re-anchor. ⚖️ I see two forces now: the bull case is that BTC and ETH eventually benefit from a credibility squeeze if policy stays tight but growth cools; the bear case is that sticky inflation plus expensive energy keeps liquidity hostile for longer. Right now I lean cautious, because the market tends to underprice how brutal “higher for longer” feels until credit, positioning, and confidence start to bend. 👁️‍🗨️ The sharp takeaway: this is not just one hot CPI print, it is a narrative break, and narrative breaks are where the largest repricings begin. #Macro #BTC #ETH