BTC falls alongside Nvidia, highlighting clear correlation among risk assets
Bitcoin has recently weakened alongside tech stocks such as Nvidia, with a clear spillover effect among risk assets.
U.S. spot Bitcoin ETFs have seen net outflows for five consecutive days, totaling about $1.44 billion, while IBIT continues to face redemptions.
Derivatives markets are also cooling: trading volume and open interest have declined, and pressure on long positions persists.
The key issue now is not Bitcoin itself, but declining risk appetite in U.S. tech stocks.
$BTC $NVDAB
Bitcoin has recently weakened alongside tech stocks such as Nvidia, with a clear spillover effect among risk assets.
U.S. spot Bitcoin ETFs have seen net outflows for five consecutive days, totaling about $1.44 billion, while IBIT continues to face redemptions.
Derivatives markets are also cooling: trading volume and open interest have declined, and pressure on long positions persists.
The key issue now is not Bitcoin itself, but declining risk appetite in U.S. tech stocks.
$BTC $NVDAB
