Bitcoin, is the logic of stocks failing? The test of only rising without falling is coming!
QCP's latest analysis has said —
The recent trend of Bitcoin has started to deviate from the traditional script.
First, the stock market fell, gold rose, and Bitcoin followed suit, but then it flew together with the stock market, completely disconnecting from gold.
Simply put: Is it a safe-haven asset or a risk asset? Bitcoin itself can't be bothered to define it.
The key is that the options market is very strong, with explosive buying of call options at 104,000 and 135,000 USD, emotions are directly at full throttle.
This round of rising is also healthier, leverage hasn't exploded, and there have been six consecutive inflows into ETFs, with the fundamentals holding strong.
However!
This week, Bitcoin will face a big test: Will macro data and the earnings season interrupt the rhythm of 'only rising without falling'?
Keep a close eye on it, the second half is the real hard battle!