Bitcoin rallied despite a much more hawkish rates backdrop. @jbutterfill looks at why this is less about crypto decoupling from macro, and more about what the market is starting to price around regulation, flows and US policy. Read the full update: https://coinshares.com/insights/research-data/market-update-25-09-2026/?utm_source=twitter&utm_medium=social&utm_campaign=Research-data_MarketUpdate_25092026&utm_content=carousel_NA_rates-policy-resilience @Bitcoin