Express
Glassnode: Bitcoin Shows Increasing Macro Asset Properties, Rising with Risk Appetite and Falling with Market Pressure
Summary: According to reports, Glassnode stated on X platform that since 2022, Bitcoin's beta value relative to global liquidity (GLI) and stock markets (such as SPY/QQQ) has continued to rise, while its beta value to credit pressure (high-yield bond spreads HY OAS) has become more negatively correlated. This indicates that BTC is increasingly resembling a macro ...
According to reports, Glassnode stated on X platform that since 2022, Bitcoin's beta value relative to global liquidity (GLI) and stock markets (such as SPY/QQQ) has continued to rise, while its beta value to credit pressure (high-yield bond spreads HY OAS) has become more negatively correlated. This indicates that BTC is increasingly resembling a macro asset: rising with increasing risk appetite and falling with intensified market pressure.
Tags:
Link: Glassnode: Bitcoin Shows Increasing Macro Asset Properties, Rising with Risk Appetite and Falling with Market Pressure [Copy]
