Bitcoin’s future market appears to be overheated, and Steno Research suggests that a hotter-than-expected Consumer Price Index (CPI) could result in additional declines in Bitcoin's value.
The looming inflation, coupled with elevated futures markets, poses a risk of triggering further drawdowns in Bitcoin prices. Steno Research highlights these factors as potential catalysts for a dip in the cryptocurrency market.
Source: cointelegraph.com ↗