Bitcoin is passing a macro stress test. Despite geopolitical tension and sticky inflation, $BTC pushed back above $72K while markets price ~99% probability of no Fed rate cut in March. On-chain data shows an accumulation cluster forming between $62K–$72K, suggesting buyers are absorbing supply during uncertainty. If BTC keeps holding strength through macro pressure, the narrative around it may start shifting. What macro signal would you watch next to confirm the start of a new expansion phase?