CryptoWorld News reports that, according to Delphi Digital analysis, liquidity may become a negative factor for Bitcoin.

February's PCE data showed that, before the impact of the Iran war, U.S. consumers were already showing signs of weakness.
Income contracted, and real spending grew by almost zero.
Subsequently, March's CPI recorded a 3.3% increase, with energy contributing three-quarters of the rise.
The U.S. Leading Economic Index (LEI) is declining, leading actual yields by about six months.
The last time this happened was in 2022: tightening monetary policy collided with an energy shock.
That year, Bitcoin's correlation with real yields turned into a deep negative correlation.