$BTC Bitcoin surged past $88,000 following the latest CPI data, which signaled cooling U.S. inflation—a clear tailwind for risk assets like crypto.

While the breakout made headlines, it lacked strong momentum. Traders, it seems, still aren't fully convinced. Lower inflation is a positive sign, no doubt, but there just isn't enough sustained buying pressure right now to fuel a major, lasting rally.

Sure, the macro numbers set the stage, but the story doesn't end there. With volatility remaining high, the focus is already shifting. Everyone’s watching for the next catalyst—whether it's fresh economic data or other signals that could finally restore the market's confidence. $BTC