Glassnode: Bitcoin Increasingly Exhibits Macroeconomic Asset Characteristics, Rising with Risk Appetite and Falling under Market Stress
2025/06/25 09:44Show original
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According to CoinWorld, on June 25 (UTC+8), Glassnode posted on X that since 2022, Bitcoin’s beta relative to global liquidity (GLI) and stock markets (such as SPY/QQQ) has been steadily increasing, reflecting its growing market correlation. At the same time, Bitcoin’s beta with credit stress indicators (such as the high-yield bond spread HY OAS) has become increasingly negative, indicating that Bitcoin is increasingly behaving as a macroeconomic asset: it tends to rise when risk appetite increases and decline when market stress intensifies.
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智通财经•2026/08/14 23:16
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