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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Viewpoint: The correlation between Bitcoin and US stocks may be a false impression created by market makers.
BlockBeats news, on April 5th, Bloomberg analyst James Seyffart posted on social media that the resilience of Bitcoin is indeed astonishing. It is hard to believe that it can remain above 80,000 USD amidst a comprehensive sell-off of risk assets, while even gold is falling. In response, Blockstream co-founder and CEO Adam Back stated that the so-called correlation before was probably just an illusion, likely a false association created by market makers taking advantage of the liquidity shortage of fiat in the Bitcoin market, especially evident during the opening hours of the US market.