Explaining the Disconnect Between Bitcoin ( $74,091.00 ) and Treasury Yields Post US Inflation Data

According to Ardern, investors had bought BTC put options, or bearish bets, in the lead-up to the CPI release, which means market makers sold puts and sold bitcoin in the spot/futures market to hedge against the risk of price slide. So, after prices began to rise post-CPI, market makers had to buy back the bitcoin sold.