#bitcoin dropped 0.59% to $117,790 in the last 24h as U.S. inflation data, Treasury policy signals, and technical selling weighed on price.
Hot inflation - Strong PPI cooled Fed cut hopes.
Treasury stance - U.S. will hold seized #
$BTC, not buy more.
Bull trap - $ATH rejection at $124K triggered liquidations.
Key levels: $117.5K support, $114.5K risk if broken.
