On Monday, the price of $BTC continued to stabilize around $80,000, with very little change in the investors of spot ETFs. This is consistent with what we said yesterday; essentially, Bitcoin has not changed at all. The main factor affecting the price change is the selling by short-term investors, and what can reduce or increase the selling by short-term investors is the macroeconomic environment in the United States. Since there was no change on Monday, it is normal for traditional investors to show little variation.

Many friends might say, didn’t we say that Bitcoin is closely correlated with U.S. stocks? Why has U.S. stocks been rising while BTC has performed poorly? In fact, I already made a comparison last Friday. From the lowest point of the risk market caused by the war between Iran and the U.S., U.S. stocks and Bitcoin almost moved simultaneously, and from the lowest point to the current rebound, BTC is only slightly below the Nasdaq, even higher than the S&P 500.

So basically, this round of Bitcoin's rebound has been quite good.

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