Macro & Correlation (What moves crypto now)
Macro: stagflation talk and gold vs crypto narrative.
Macro headlines (inflation/stagflation worries) are re‑shaping flows — investors are allocating to gold and some to Bitcoin, but gold has been outshining BTC in the recent risk‑off moments. Expect BTC to remain correlated to risk assets when ETF arbitrage and macro flows dominate.
Actionable: If CPI or rate‑surprise data hits, tighten stops and reduce directional exposure until the macro headline settles.
One‑line takeaway: Crypto is not decoupled from macro — trade size accordingly.