Bitcoin surged to a new all-time high near $124,000 before crashing over 5% in a wave of long liquidations. We break down the hotter-than-expected PPI inflation print, fading Fed rate-cut odds, and the Treasury’s walk-back on its strategic Bitcoin reserve. Plus, Adam Back’s fresh four-year cycle ana

AI-generated source summary

Bitcoin rose to $124,000 before declining over 5% due to a higher-than-expected US producer price index, signaling potential broader inflation. This raised concerns about potential interest rate cuts in September, leading to long liquidations wiping out over $1 billion in crypto markets. Treasury Secretary Scott Bessent is seemingly walking back from previous bullish positions, by not planning to buy Bitcoin for the US strategic reserve and not revaluing gold holdings. Adam Back proposes using the peak between two halving dates as a way to look at the 4 year cycle suggesting new all time highs are still likely. A low probable chance for U.S. fiscal situation due to political and donation intentions that make US government support of Bitcoin a difficult situation that wont affect the long term future of Bitcoin.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   15 Aug 2025, 00:56 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   18 May 2026, 20:23 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   18 May 2026, 20:47 UTC

   1 eligible signal linked to this case.

4. Outcome tracking started

   02 Jul 2026, 01:22 UTC

   Tahlil Plus began monitoring the extracted predictions.

5. First prediction resolved

   02 Jul 2026, 01:22 UTC

   The first evaluable outcome in this case reached a terminal result.

6. Case evaluation completed

   02 Jul 2026, 01:22 UTC

   All evaluable predictions in this case reached terminal outcomes.