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Bitcoin is facing pressure from three safe-haven assets: inflation persistence, decreased appetite for AI-related assets, and escalating geopolitical tensions. The cryptocurrency is currently trading around $60,000, with cautious market sentiment prevailing ahead of the US CPI data release. The options market is also reflecting this bearish sentiment, with implied volatility expectations increasing. The CPI data will be a crucial factor in determining Bitcoin's short-term trajectory. With high inflation, AI-related asset risks, and geopolitical instability, Bitcoin's outlook remains uncertain, making the CPI release a key event to watch #SpaceXIPOvsOpticsCrash #HormuzStrikeRiskOff #MayCPIHikeWatch