
Bitcoin (BTC), It appeared as a relative safe port in the middle of the last stock market turbulence caused by renewed customs tariff tensions. President Donald Trump’s aggressive trade policy moves led to fluctuation in the US stock indices, but the world’s oldest crypto currency remained surprisingly stable.
Historically, Bitcoin is known for excessive price fluctuations compared to traditional financial assets. However, the recent decomposition shows that digital assets are behaving differently this time. While stocks react hard to uncertainty about the tariff, Bitcoin seems unaffected, because crypto currencies are largely isolated from direct economic shocks about trade.
K33 Bitcoin has been strengthened by the stock indexes since the explanations of customs tariffs on April 2, Bitcoin, and this is a very unusual observation considering the enormous risk that has occurred within the last six days, ”he said.
Analysts attribute this resistance to the combination of factors such as moderate leverage in crypto markets and increasing regulatory support in the USA. Unlike the previous cycles, only low premiums were seen in Bitcoin futures, and the option markets reflected a modest increase in the demand for downward protection instead of panic sales.
Lunde, the most remarkable success of this week is that the BTC has not collapsed harder, ”he added.
According to Nikolay Karpenko, senior customer relations manager of the crypto market maker B2C2, “short -term re -pricing effects showed the effect of implicit volatility and important changes in risk reversal pointed out that the demand for downward protection increased.” However, long -term volatility structures remain constant, and that this shows that corporate investors focus on protection from queue risks instead of leaving the market.
Ravi Doshi, the market co -chairman of the crypto intermediary institution Falconx, said that Bitcoin’s performance also benefited from the decreasing leverage towards the latest market events. “BTC showed a good performance compared to the stock market, which was partly in part after a large number of violent sales last month, BTC’s use of less leverage when entering the“ Liberation Day ”and added:“ It was under the fed funds last week. ”
According to K33 data, the base measuring the difference between futures and spot prices remains low with only a premium of 6.3 %, while open positions are at the lowest level of 11 months. The stagnant base reflects the cautious positioning among corporate investors who are trading in order to benefit from the price gaps between Bitcoin futures listed in CME and the price gaps between the products traded on the stock exchange.
Bitwise Asset Management Inc. Matt Hougan, chief investment manager, said in a program he attended on Bloomberg TV, “Bitcoin bulls should get power from this performance”. Hougan maintains optimism and predicts that Bitcoin is ready to return to the highest levels of all time when the fluctuation in the market is subsided.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/analistler-bitcoinde-saskin-sira-disi-dayaniklilik-gosteriyor-sebebini-acikladilar/