️ INSIGHT: $BTC’s Yardstick metric hits its lowest level ever, a zone that has rarely lasted long in past cycles, per Glassnode.

Odds of >2 rate cuts through the rest of the year have risen after the January CPI data came in slightly better than expected. Inflation MoM: +0.2% Inflation YoY: +2.4% Core inflation MoM: +0.3% Core inflation YoY: +2.5%