The rise of Bitcoin coincides with the weakening of the USD and the rebound in gold prices, indicating that the market is shifting towards safer assets.
According to experts from Compass Point, Bitcoin currently has a correlation coefficient of only 0.65 with the S&P 500 index, while usually this number approaches 1 during strong sell-off periods.
This expert believes that institutional cash flow is continuing to pour into BTC, contributing to making the world's largest cryptocurrency more "independent" from stock and technology market fluctuations.
Although Bitcoin's upward trend shows positive signals, experts warn that trading volume remains low.
However, buying power from long-term investors is still increasing, while BTC liquidity in the market is declining, which may continue to support Bitcoin's price in the upcoming volatility
