This week's focus sits squarely on the Fed's inflation mandate. With rates on hold and inflation still above target, the market is watching for any re-acceleration in May's PCE data, the kind of surprise that could reprice rate-cut expectations and ripple straight into liquidity-sensitive assets like Bitcoin.

Bitcoin's recent drop has run further than institutional flow data justifies, with spot price near $63.8K sitting well below the model's flow-implied fair value closer to $87.7K. It points to a market that may have over-corrected relative to how institutional capital is actually positioned.

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