PANews February 11 News, according to Cryptopolitan, Grayscale in its latest research report pointed out that Bitcoin’s recent price movements are highly synchronized with technology stocks rather than safe-haven assets like gold. The report’s analysis shows that over the past 12 months, Bitcoin’s price has been closely correlated with the performance of high-valuation software company stocks. When the market sold off tech stocks due to concerns about artificial intelligence impacting traditional software services, Bitcoin also declined. This indicates that current investors view Bitcoin more as a growth asset driven by market confidence and risk appetite rather than a “digital gold” that can withstand volatility.
Grayscale believes that although Bitcoin has long-term value storage features such as limited supply and a decentralized network, compared to gold with thousands of years of monetary history, Bitcoin, which has only been around for 17 years, is still in the early stages of proving itself as a global monetary asset. Recently, when gold and silver prices rose, Bitcoin did not follow the same trend; instead, it declined in tandem with high-risk growth assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin drops to two-week low as $300 million in longs are liquidated
The crypto market tumbled to the lowest levels in more than two weeks, with bitcoin BTC$66,682.75 dropping below $67,000 and ether (ETH) closing in on $2,000. The CoinDesk 20 Index (CD20) lost 2.2% since midnight UTC, reaching its lowest since March 9.
The fall coincided with a drop in U.S.
CoinDesk5m ago
The wave whale "pension-usdt.eth" has continuously taken profits from BTC short positions, cumulatively reducing holdings by 9.22 million USD.
According to Hyperinsight monitoring, on March 27, the address "pension-usdt.eth" took profit on its BTC short position, cumulatively reducing its holdings by 126.13 BTC, worth approximately $9.2259 million. The total value of the position decreased from $30.21 million to $24.8386 million, with current floating profits of about $915,000 and a return rate of 11.05%.
BlockBeatNews5m ago
Yesterday, the whale that "faced a liquidation of 25 million" was hit with over 10 million in long liquidations again, marking the largest single liquidation address across the entire network in the past 24 hours.
On March 27, due to a temporary drop in BTC prices, the BTC, HYPE, and SOL longs of whale 0x965 were all liquidated, with a liquidation scale reaching $13.53 million, making it the largest single liquidation address within 24 hours. Within two days, the total liquidation of this address exceeded $38 million.
BlockBeatNews6m ago
In the past 4 hours, the entire network has seen liquidations of $151 million, with BTC liquidations exceeding $80 million.
Gate News reported that on March 27, Coinglass data showed that the total liquidation across the network in the past 4 hours was $151 million. Among them, long positions were liquidated for $143 million, and short positions were liquidated for $8.2382 million. In terms of specific coins, BTC saw liquidations of $81.05 million, while ETH had liquidations of $46.48 million.
GateNews26m ago
