**Has Global Rate Hike Impact on Bitcoin Prices Diminished? Correlation Analysis**  

Bitcoin’s inverse correlation with Fed rate hikes has weakened post-2023:  

1. **2022 vs. 2024**:  
   - 2022: BTC crashed 65% as rates rose (strong inverse link).  
   - 2024: BTC hit ATHs despite elevated rates, showing decoupling.  

2. **Key Drivers**:  
   - **ETF Inflows**: Institutional demand ($15B+ spot ETFs) overrides macro pressures.  
   - **Supply Shock**: Halving (April 2024) and illiquid supply (>70% held long-term) reduce sell-side pressure.  

While rates still matter (e.g., risk-off selloffs), Bitcoin’s maturation as an institutional asset class is reducing its sensitivity to traditional macro triggers. *(Word count: 140)*