According to Binance News, based on analysis by Delphi Digital, liquidity may become a disadvantage for Bitcoin.

February's PCE data showed that before the impact of the Iran war data, U.S. consumers had already shown 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 met energy shocks.
That year, Bitcoin's correlation with real yields turned into a deep negative correlation.