U.S. stocks hit new record highs
again tonight, with the Nasdaq up 1%, Nvidia and SpaceX both in the green, and even the Chinese Golden Dragon Index rising 1.7%. With risk appetite this strong,
$BTC
should be riding the hype. But when the market opened, it stayed flat all week at 85,000 yuan, without moving an inch.
This kind of divergence gives me the same confidence as holding an empty bag. When the whole market is rushing into risk assets but crypto’s leaders can’t keep up, it means money hasn’t flowed into crypto at all. Things that can’t rise often fall first once risk appetite fades.
I’m not betting it will crash tomorrow; I’m betting this relative weakness will play out gradually over time. What do you make of this week’s sideways movement—is it accumulation, or is nobody buying it?
$BTC #BTC
again tonight, with the Nasdaq up 1%, Nvidia and SpaceX both in the green, and even the Chinese Golden Dragon Index rising 1.7%. With risk appetite this strong,
$BTC
should be riding the hype. But when the market opened, it stayed flat all week at 85,000 yuan, without moving an inch.
This kind of divergence gives me the same confidence as holding an empty bag. When the whole market is rushing into risk assets but crypto’s leaders can’t keep up, it means money hasn’t flowed into crypto at all. Things that can’t rise often fall first once risk appetite fades.
I’m not betting it will crash tomorrow; I’m betting this relative weakness will play out gradually over time. What do you make of this week’s sideways movement—is it accumulation, or is nobody buying it?
$BTC #BTC