The narrative here is a classic example of how financial markets, including Bitcoin, have become deeply intertwined with central bank policy and macroeconomic data. The strongest version of this argument is that Bitcoin, despite its decentralized origins, now trades like a liquidity-sensitive asset, reacting to Fed signals, labor data, and Treasury yields. The article correctly highlights the paradox: an asset designed to bypass traditional finance is now hostage to its whims. This isn’t necessa...