PANews reported on February 25th, citing Cointelegraph, that Bitcoin's recovery today is closely linked to a similar rebound in the US stock market, with artificial intelligence and technology stocks leading the market higher. The Nasdaq, dominated by tech stocks, led the gains, rising 1.05% on the day, while the S&P 500 rose 0.68%. The Dow Jones Industrial Average rose 421 points, closing up 0.86% on Tuesday. Analysts point out that the correlation between Bitcoin and gold and US stocks is currently at its lowest level since the FTX incident in 2022. Despite gold rising 51% and Bitcoin falling 43% over the past six months, on-chain data agencies like Santiment believe this extreme divergence suggests significant upside potential. Furthermore, the Coinbase premium index turned positive for the first time since January 15th, accompanied by a net inflow of $258 million into spot ETFs on Tuesday, indicating a return of institutional buying in the US. Darius Sit, founder of QCP Capital, stated that this divergence reflects position liquidation and leverage-driven liquidity changes, rather than a failure of Bitcoin's long-term narrative.
Analysis: Bitcoin rebounded along with US stocks, and its divergence from gold may indicate "significant upside potential."
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Author: PA一线
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