Bitcoin Eyes Explosive Rebound With Nasdaq-Size Moves Poised to Flip

CN
1 hour ago

Bitcoin’s slide may set up a stronger rebound, according to Nigel Green, CEO of international financial consultancy firm Devere Group, who stated on Dec. 1 that bitcoin could surpass the Nasdaq and gold if investors return to risk-taking after a leverage-driven downturn. He commented as crypto markets absorbed a deep adjustment.

Green explained: “ Bitcoin has already been hit with a far more aggressive reset than equities or gold.” Noting that BTC “has increasingly behaved as a leading indicator for broader risk assets, particularly US technology stocks,” he stated:

In recent months, moves in the Nasdaq have been reflected in bitcoin’s price action, but with significantly greater amplitude on both the upside and the downside.

“ Bitcoin has mirrored the Nasdaq, only in exaggerated form. A 4% pullback in tech translated into a near 30% adjustment in bitcoin. The relationship tells you where sensitivity to risk really sits,” the executive detailed. His remarks also addressed the mechanics of the selloff, noting its roots in forced liquidations and collapsing open interest: “Corrections driven by deleveraging are uncomfortable but constructive. They clear the market, reduce fragility, and reset positioning in a way that allows genuine demand to reassert itself.”

He further pointed to improving macro signals. “When macro pressure eases even slightly, bitcoin tends to react aggressively,” Green noted, emphasizing: “It doesn’t need a perfect environment. It needs a shift from fear toward selective risk-taking.”

Read more: Robert Kiyosaki Says Buy Bitcoin as Yen Carry Trade Forces Bubble Panic

Market dynamics have also reshaped relative performance across assets. “Gold performs its role during uncertainty, but in a recovery phase capital looks for upside, not shelter,” he further shared. “ Bitcoin sits much closer to growth assets in that context, yet it carries a scarcity narrative that neither tech stocks nor gold can fully replicate.”

Green emphasized that investor participation remains resilient despite volatility: “This market is being recalibrated by volatility, not abandoned. The underlying architecture of demand is still there.” The Devere executive concluded that technical structure and depth of adjustment strengthen bitcoin’s case, stating:

Bitcoin has already done more of the heavy lifting on the downside than the Nasdaq or gold. When risk assets stage a recovery rally after this correction, bitcoin has a strong case to outperform both in the weeks ahead.

  • Why does Nigel Green believe bitcoin could outperform the Nasdaq and gold?
    He argues bitcoin has already absorbed a deeper reset, positioning it for stronger upside when risk-taking returns.
  • What drove bitcoin’s recent downturn?
    Green attributes the decline to forced liquidations and collapsing open interest tied to deleveraging.
  • How does bitcoin’s volatility compare to tech stocks?
    Green notes that bitcoin mirrors Nasdaq movements but with far greater amplitude.
  • What market shift does bitcoin need for a rebound?
    Even a modest easing of macro pressure and a move toward selective risk-taking could spark a strong reaction in bitcoin.

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