Today $BTC closes the book on a brutal Q2, and it is doing it near $59,500.

$BTC ends the quarter down hard, with Fear and Greed collapsing to 12, capitulation territory close to the cycle low. But this is not a uniform panic: $SOL is green and the rotation is loud.

The macro cause is simple and stubborn: inflation, with PCE at a 3-year high.

A heavy quarter closes. Watch how Q3 opens.