🚨 FED CHAIR NARRATIVE TRUMPS BAD PPI DATA! 🚨
⚠️ PPI JUMPS TO 0.5% M/M! Cost pressure is sticky, usually terrible for risk assets.
But $BTC isn't falling. Why? The market is looking past short-term inflation noise.
• Narrative shift: Focus moves to the next Fed Chair.
• Michael Saylor names Kevin Warsh as potential pro-
BTCUSDT
Perp
75,888.1
-3.90%
$BTC Chairman.
• Warsh is seen as less hostile than previous leadership.
This means big money is discounting immediate rate cut delays because the long-term policy outlook is changing. Bad data fails to crash prices when the future policy structure is the main focus. Watch the power shift, not just the headlines.