Why the bitcoin price continues to rise despite the high treasury revenue – analyst
The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Over the past few weeks, the Bitcoin price has maintained somewhat healthy momentum, igniting its highest levels of swing and its lowest levels in reviving running. Interestingly, this upscale movement was corrected in the early week after the escalating conflict between Israel and Iran.
In general, the overall positive view of the first cryptocurrency remains, although it was noticed that it was against the historical perspective. The series analyst has stumbled on the X social media platform in this strange phenomenon in the BTC market and the possible reasons behind it.
Bitcoin’s historical connections with macro tools
In a modern post on the X platform, which is an analyst on the series with a Darkfost pseudonym Collapse What was, until recently, is the traditional expectations in the Bitcoin market for the wider macroeconomic economy. The Crypto Pundit team stated that investors are considering the main indicators when trying to decipher institutional feelings and the wider global liquidity state.
Related reading
The main indicators that highlighted in this analysis include the US dollar index (DXY), which measures the value of the US dollar against a basket of major foreign currencies and US Treasury revenues, which mainly represent investors returning to the US government bonds.
According to Darkfost, the above chart shows a well -known Macro’s principle: when both DXY and Bond returns are height, the capital tends to flee the risk assets (one Bitcoin). As a result, the first cryptocurrency becomes vulnerable to corrective movements.
According to the analyst on the series, this principle is supported by historical trends, as the bear markets coincided with encryption with the strong rise in both returns and DXY.
On the other hand, when there is a loss of momentum in DXY and regions, the investor’s appetite tends to shift towards risks. Darkfost explained that the reason for this could be the expectations of federal reserve price discounts, which nourish the upward morale through the encryption markets.
BTC breaks the logic of traditional macro
In the post on X, follow Darkfost and then indicated that the current BTC course was unusual. The Pundit online reported that there was a separation between the price of Bitcoin and Bond, which appears to be the apparent cancellation of the usual total principles.
The analyst pointed out that the price of bitcoin still maintains its upward movement, although the revenues reach some of its highest levels in the history of bitcoin. But this was chest, it was certain that he was noticed, when he refused DXY.
Related reading
What this anomaly suggests, the Darkfost conclusion, is that Bitcoin has taken a new role in the total scene, which increases its conception as a value store. To take it further, this means that BTC, so far, may interact less traditional with the total forces believed to affect the encryption market.
As of the writing of these lines, Bitcoin price is located below 106,000 dollars, which reflects a jump of approximately 2 % over the past 24 hours.
Distinctive image from Istock, tradingvief chart
