Analysis Company Claims There Is An Abnormal Situation In Bitcoin's Movements! Here Is The Meaning

The crypto analysis platform CryptoQuant published a striking analysis regarding the relationship of Bitcoin with traditional macro show in the current market cycle.

The report claimed that Bitcoin has diverged "abnormally" from its historical correlation with U.S. Treasury yields, and that this situation might indicate a structural change in BTC's role in the macroeconomic system.

According to CryptoQuant analysts, macroeconomics has become the dominant trend in today's cryptocurrency markets. Therefore, investors are closely monitoring macro indicators, especially the US Dollar Index (DXY) and US Treasury bond yields. These indicators provide important signals about the state of global liquidity and institutional investor sentiment.

In the published analysis, a chart comparing Bitcoin with DXY and the yields of 5, 10, and 30-year US Treasury bonds stands out. According to historical data;

• When the DXY and bond yields rise, there is a capital outflow from risky assets, and these processes often lead to corrections for assets like Bitcoin. Bear cycles in the Crypto market also mostly coincide with these types of rising periods.
• When the DXY and bond yields weaken, risk appetite increases. These periods usually coincide with times when monetary policies are eased or expectations for interest rate cuts from the Fed rise, triggering an upward trend in the crypto markets.

However, the notable situation in the current cycle is that Bitcoin is diverging from this traditional macro model. Although bond yields have reached the highest levels in Bitcoin's history, the price of BTC continues to rise. It is especially noticeable that Bitcoin gains momentum even more when DXY starts to decline.

This "abnormal" divergence may indicate that Bitcoin's role in macroeconomic dynamics is being reshaped. According to CryptoQuant analysts, this situation stems from Bitcoin increasingly being perceived as a store of value.

*It is not investment advice.

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