Soft June payrolls (57k vs 115k) bounced Bitcoin off its $57,000 low, proof it still trades on rates. But the Fed's dot plot moved the other way (3.8% vs 3.4%), pushing the catalyst further out. And this year's $2.7B of Bitcoin ETP outflows mostly rotated into AI ETFs, around $5.5B. Rotation, not rejection. Full analysis: https://coinshares.com/insights/research-data/market-update-03-07-2026/?utm_source=twitter&utm_medium=social&utm_campaign=Research-data_MarketUpdate_03072026&utm_content=MarketUpdate_Payroll(CoinShares)