Fed rate hike odds for 2026 just spiked to 37% on Polymarket.

Treasury yields are back at 2007 levels. Inflation broke above 4% again.

The macro setup is shifting fast. If the Fed pivots hawkish in 2026, risk assets get crushed. BTC historically hates rate hike cycles.

Watch the 10Y yield and CPI prints closely. This isn't priced in yet.