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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.
Golden Finance reports that Bloomberg analyst James Seyffart posted on social media, stating that the resilience of Bitcoin is indeed astonishing. It is unexpected that in such a market where risk assets are being broadly dumped, it can still hold above $80,000, while even gold is falling. In response, Adam Back, co-founder and CEO of Blockstream, stated that the so-called interconnectivity is probably just an illusion, likely a false correlation created by market makers taking advantage of the liquidity shortage of fiat in the Bitcoin market, especially evident during the opening hours of the U.S. market.