Bitfinex: Bitcoin may further decouple from stocks and regain its leadership position as a global risk asset

PANews reported on April 7 that Bitfinex Alpha said in its latest report that after Bitcoin's relatively resilient performance last week, with a weekly decline of only 0.65%, almost flat, far outperforming traditional risk assets, it is clear that this is just a delayed downward reaction. Although the BTC/S&P 500 ratio has soared to just 5% of its all-time high, showing strong relative strength, the market has now sold off. We believe that stocks are becoming deeply oversold, and a rebound in the short term may narrow the gap in the medium term. However, short-term financing and open interest trends also indicate that Bitcoin is about to fluctuate. Nevertheless, structurally, the foundation for outperformance in the late second quarter seems to be forming. As macro volatility cools, ETF inflows resume, and the sovereign narrative re-emerges, Bitcoin may further decouple from stocks and regain its leadership in global risk assets. In addition, although the Fed remains cautious amid uncertainty about inflation dynamics, the overall situation suggests that trade policy rather than monetary policy may be a greater risk to economic momentum in the coming quarters.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
11 hour ago
13 hour ago
13 hour ago
13 hour ago
14 hour ago
17 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读