BEARISH: Odds of a March interest rate cut are just 13.5%.
The "higher for longer" reality is finally hitting the tape. BTC sitting at $87,762, down 1.7% today as those March cut odds evaporate.
It feels bearish because it is, but it's not a shock. Inflation is sticky at 2.7% and the Fed is still pulling $75B a month out of the system via QT. The market is shifting from "hopeful for a pivot" to "accepting the grind."
Majors are feeling the weight. ETH at $2,941 (-2.7%) and SOL at $122.83 (-3.3%) are leading the pullback as liquidity stays tight.
The real test comes tomorrow with Unemployment and GDP data. If those stay hot, expect these March cut odds to hit zero and risk assets to stay heavy. Neutral regime for now, but momentum is clearly slowing. Watch the $85k level on BTC for support.
BTC
83,241.9
-4.80%
ETH
2,736.68
-5.52%
SOL
116.38
-3.98%