Blame bitcoin's tumble on rising inflation, not Strategy, 10xResearch argues (opens original article in a new tab)

Markus Thielen of 10x Research argues that Bitcoin's price decline is primarily due to ETF selling following higher-than-expected U.S. inflation data, not due to Strategy's actions. He emphasizes that upcoming CPI data will influence Bitcoin's recovery.

• Bitcoin's decline is attributed to ETF selling post-April inflation data, not Strategy's sales.
• Upcoming May CPI data may determine if Bitcoin stabilizes or falls further.
• Institutional ETF flows are the key factor in Bitcoin's price movement.