Bitcoin Ranges Near $83K as Traders Await US Inflation Data

The tension here isn't the inflation print itself but the conflicting signals traders are juggling: fading rate-hike odds should be supportive, yet two-decade-high Treasury yields are doing the capping. That combination suggests macro, not crypto-native flows, is still the dominant price driver, and it leaves bitcoin unusually reactive to a single data release. Whether yields keep overriding easing rate expectations is the open question — if they do, the range may hold regardless of what the inflation number shows.