Tonight at 8:30 PM, CPI—will BTC make a move? Let’s start with something a bit frustrating. The regulatory good news everyone’s been waiting for? Pretty much half of it is out the window. The CLARITY Act won’t be voted on in August, and the earliest it’s been pushed to is September 15. Polymarket’s probability dropped straight from around 70% to 14%, and TD Cowen even gave a 75% chance of “not passing.” The market has already started voting with its feet. In May, XRP ETF had $130 million in net inflows, but by July, it was down to just $27 million—a drop of nearly 80%. BTC couldn’t hold $64K either. On the other hand, gold is looking strong. GLD saw $1.4 billion inflows in the first week of August, and gold prices briefly touched around $4,435. So for now, don’t count on the regulatory narrative suddenly delivering surprises. The real focus tonight is CPI. BTC has been grinding sideways for weeks, and it’s driving people nuts. Volume is shrinking, volatility is dropping, and neither bulls nor bears are willing to take big positions ahead of time. Because everyone knows—once CPI drops, it could be a whole different story. If the data comes in cooler, the market might start hyping rate cuts again, and BTC could rally. If the data is hotter, rate expectations will rise, and we’ll have to watch out for more downside. I don’t have heavy positions right now. Not guessing the direction tonight either—just watching two things: Initial reaction + whether there’s real money following through. If it’s just a quick spike up or down and then back into the range, we’ll keep grinding. But if there’s volume and the range gets broken decisively, you probably won’t have much time to think it over. Forget the CLARITY Act for now—tonight it’s all about CPI. What’s your bet? Break up or break down? #BTC #CPI #CLARITYAct