Oil dropped to 100$ , but $BTC still can’t catch a break. I think the market is pricing in the Fed more than the ongoing war. Back in the day, when oil dipped, the market would chill and risk appetite would rise. That’s not the case anymore because bond yields are still high, ETF outflows are ongoing, and the market is fixated on the fear of ‘will rates stay high for a long time?’ Right now, BTC is trading below the 50 EMA and losing momentum. The negative flows from the ETF side especially show that the market is losing trust.