How CPI inflation affects Bitcoin Adversely!

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Hello 👋🏻

While studying the Bitcoin's price action and the different catalyst/metrics that effect it's price, I found out that "How USA's CPI Inflation data adversely effects price of Bitcoin & Cryptocurrency markets" as whole
See chart below:
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Around 40% of people invest in cryptocurrency as an Inflation Hedge and 14% of Hedge fund also consider it as an Inflation hedge.
We were expecting the worst inflation data to come on April and the May release. And if inflation indicated weren't seeing hyperinflation, I believe we might see cryptocurrency rotate down a bit.
One can use the Schedule of CPI inflation data and predict the price of crypto!
Not Financial Advice ofc
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