深潮TechFlow|6月 02, 2026 11:25
[Binance Research: Concentration of U.S. Stock Market Funds May Suppress Bitcoin Performance, Historical Fund Diversions Have Shown Recovery]
Deep Tide TechFlow reports that on June 2, Binance Research published an article stating that the recent weakness in the crypto market may not stem from crypto assets themselves but rather from the high concentration of funds in the U.S. stock market. It pointed out that the CBOE Dispersion Index has risen to 42, the third-highest in history, reflecting a concentration of funds within the S&P 500 index on a few popular themes, thereby marginalizing Bitcoin.
Binance Research noted that Bitcoin is currently facing multiple themes of fund diversion, including AI infrastructure and applications, defense and energy, and commodities. It reviewed similar rotations in 2015, 2016, 2018, and 2022, during which Bitcoin experienced varying degrees of decline. However, it also stated that historically, Bitcoin has always shown recovery after the DSPX peaked. In the absence of a crypto-native crisis, Bitcoin typically bottoms out within 0 to 20 weeks, with a median of 2 weeks.
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