Main takeout:
Bitcoin prices fall along with the financial returns, signing the flight to investors’ safe assets.
The $ 4.28B Bitcoin purchase and stock market strength of the strategy supported BTC for more than $ 90,000.
True ride toward $ 100,000 should be separated from stocks and liquidity signals should be made more powerful.
Bitcoin (BTC) has experienced $ 93,500 on April 28, which has rapidly modified $ 2,000, which suggests that traders are pursuing a safer asset’s relative safety by closely tracking the decline in the US Treasury yield.
Bitcoin Traders are appropriate for the 6%profits achieved over the past week, but there is uncertainty about why the BTC cannot maintain more than $ 95,000.
After reaching $ 95,500, the sudden calibration of Bitcoin’s price reflects the performance of intravenous in the US. The decrease in yield indicates that investors have lower returns to debt holding, increasing demand for safer investments. This pattern suggests that dangerous appetite suddenly decreases in major financial markets.
China’s tariff cuts reduce optimistic optimism, but US trade issues are opposite emotions.
Investors’ optimism increased during the weekend due to the news that Newsweek was quietly reduced to the US semiconductor chosen by Newsweek on April 25. In particular, the US Russell 2000 Small Cap Index remained at the highest level for three weeks, maintaining a positive momentum on April 28.
However, this sentiment was reversed in an interview with the US Treasury Minister of CNBC, which was responsible for the trade agreement on China.
Although the risk of economic downturn has increased as trade tension increases, many US companies are currently reporting strong results in the first quarter. According to the FACTSET report, 73%of the company earned income exceeding the analyst’s expectations.
The repetitive level of Bitcoin seems to have failed to maintain more than $ 95,000. In addition, the fact that Cryptocurrency cannot be separated from the stock market trends indicates that investors are not yet convinced of the efficiency of Bitcoin as a hedge during potential economic downturn.
In addition, the recent optimistic momentum, which has maintained the price of Bitcoin to more than $ 90,000, has been concerned that it has reached $ 42 billion by the acquisition of BTC by the strategy in mid -March. In addition, 97%of the previously approved common stock issuance have already been used to question the long -term sustainability of Michael Saylor’s accumulation strategy.
Bitcoin struggles with a strong stock income in contrast to the macro economy.
The stock market is benefiting from a strong import season, but the price of Bitcoin is measuring weight by the perception of deterioration of macroeconomic conditions.
In March, the US sales of existing housing recorded the maximum monthly decline in two years, down 5.9% from the previous month. Meanwhile, according to CNBC, China has plans to support employment and support exporters after the consumer demand is weakened and the factory reduces production.
relevant: Crypto ETPS recorded the third largest inflow in $ 3.4B-Coinshares
Given the current global economic uncertainty, BTC’s continuous rally is more than $ 100,000 in rally, especially with a significant purchasing activity of the strategy, so it is necessary to have a strong inflow with the Bitcoin Exchange Transaction Fund (ETF) for more than one week.
In order for investors to be convinced of the new Bitcoin, which capture a new Bitcoin in 2025, it is necessary to provide additional evidence that cryptocurrency will make a clear difference from the US stock market trend and that the central bank will inject liquidity to prevent the crisis.
Currently, traders focus on the trajectory of the US interest rate and the possibility of reversal of the federal reserve banks, which can end the financial tightening period that lasts for more than two years.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.