CPI Day: With Oil >$100 and PPI Hot, is the Altcoin Season officially delayed, or is the bottom finally in?

We all know the macro textbook setup: High inflation = Fed keeps rates high (or raises them) = DXY pumps = Crypto bleeds.
With yesterday's PPI coming in hot at 5.4% and Brent crude sitting comfortably above $100 due to geopolitical tensions, today's CPI (8:30 AM ET) feels like a doomsday or salvation clock. The Altcoin Season Index has been sitting at absolute rock bottom for a while now.
If the Fed executes another 25bps hike next week to fight this stubborn energy-driven inflation, are we looking at another leg down for ETH/BTC, or has the market already priced in the worst-case scenario?
What’s your play for today’s volatility? Buying the blood or holding cash? 🤔📊