MyTradingStyle
Macro Alert for Bitcoin - Bitwise Insights
Bitwise points to what may be the most important macroeconomic chart for the #Bitcoin market currently:
🔻 Bitcoin's correlation with 10-year U.S. Treasury futures has dropped to an all-time low over the past 60 days.
💡 What does this mean?
This may indicate a shift of traditional investors from U.S. Treasury bonds to Bitcoin - a significant shift in institutional capital flow.
This divergence may enhance Bitcoin's position as a macro hedge and a digital reserve asset amid increasing concerns about sovereign debt
