BTC stuck under 80k, 527M in liquidations, PPI at 6%. The Fed pivot trade is dead for now.

BTC price is stuck under $80k after a flush, with $527 million in long liquidations and a higher-than-expected PPI of 6%. The Fed pivot trade is currently inactive, but there is real demand for BTC and ETH. Long-term holders are sitting on 14.84 million unmoved BTC.