Bitcoin fit don don price tighter policy early as Fed-cut odds dey fall, Bitwise talk

Bitwise Research yarn say make Bitcoin don already absorb di impact of tighter monetary policy, while equities dey more vulnerable to new macro shocks. Di catalyst na energy volatility: tensions around di Strait of Hormuz don push oil and natural gas up, boost inflation expectations and make markets cut down wetin dem dey expect for Federal Reserve rate cuts. For rate-cut pricing, odds don shift away from near certainty. Di chance say dem no go reduce rate for 2026 don rise to about 40%. Bitcoin don drop roughly 23.7% year-to-date and don slip under $70,000, but Bitwise talk say dis selloff na earlier risk repricing, no be late reaction to di latest energy-driven data. Key signals traders fit watch: di Mayer Multiple don remain for di lower end of im historical range since January, showing valuation reset for crypto. Bitcoin dominance don also tighten market structure, with higher correlation across altcoins—consistent with more single-factor, BTC-led environment. Trading takeaway: if macro shocks continue to pressure liquidity expectations, Bitcoin earlier valuation compression fit help limit leverage-driven downside versus stocks short-term.