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BTC moving in tandem with markets

Posted on 4/23/25 at 10:32 am
Posted by masoncj
Atlanta
Member since Jun 2023
465 posts
Posted on 4/23/25 at 10:32 am
Just noticing this trend over the last few months

And as a crypto holder, this is a big worry

Theoretically bitcoin should trade and perform outside of market conditions…. Again theoretically

Interested to see in here what others have to say

Including the crypto haters… As they might be right if this trend continues in that BTC is simply I highly speculative investment With no real store of value
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47194 posts
Posted on 4/23/25 at 10:41 am to
BTC like all crypto is a speculative investment and has always traded that way. Cheap money is the market maker for crypto securities
Posted by The Baker
This is fine.
Member since Dec 2011
17050 posts
Posted on 4/23/25 at 10:45 am to
Your commitment is pathological.
Posted by Hateradedrink
Member since May 2023
3068 posts
Posted on 4/23/25 at 10:49 am to
It decoupled a bit when the market was shitting itself from tariffs.

It will wax and wane with the market but still acts independently in certain seasons (parabolic run after halvening, cratering into crypto winter)
This post was edited on 4/23/25 at 11:26 am
Posted by masoncj
Atlanta
Member since Jun 2023
465 posts
Posted on 4/23/25 at 11:30 am to
Hope your right

Gold isn’t the best comparison but obviously it done very well as a safe haven in uncertain market conditions

Just strange BTC/crypto coupled with the markets lately
Posted by MoarKilometers
Member since Apr 2015
19789 posts
Posted on 4/23/25 at 11:32 am to
BTC is up like 15% last 2 weeks. Which market is doing that?
Posted by masoncj
Atlanta
Member since Jun 2023
465 posts
Posted on 4/23/25 at 11:46 am to
No markets are doing that but two weeks is very short timeframe

Did find this and found it interesting

LINK
Posted by MoarKilometers
Member since Apr 2015
19789 posts
Posted on 4/23/25 at 12:06 pm to
quote:

Did find this and found it interesting



Just so folks don't have to leave the thread.

Investors of all flavors dislike instability, especially the unilateral variety foisted on us recently.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
51927 posts
Posted on 4/23/25 at 12:31 pm to
quote:

As they might be right if this trend continues in that BTC is simply I highly speculative investment With no real store of value


Not a hater but this is currently the truth

Not saying you can't make money but that's where we are right now
Posted by Diseasefreeforall
Member since Oct 2012
6634 posts
Posted on 4/23/25 at 12:46 pm to
quote:

Gold isn’t the best comparison but obviously it done very well as a safe haven in uncertain market conditions


One difference is that physical gold is a Tier 1 asset and Bitcoin isn't.
Posted by castorinho
13623 posts
Member since Nov 2010
84347 posts
Posted on 4/23/25 at 12:52 pm to
You might have chosen the worst time to start this thread.
Decoupling might be happening, it might not. Way too early to tell.

Here's an excerpt of a Tue pre-open that touches on it.

quote:

Pulse Pre-Open | Tuesday 22nd April

——————————————————

- Despite yesterday’s sharp equity selloff — the S&P 500 dropped 3% over the session — crypto held firm and instead moved in line with gold, trading more like a safe haven.

- This divergence is generating plenty of interest, with some traders speculating it could signal the start of a new trend.

- As I mentioned yesterday, I think the move is primarily being driven by USD weakness. If that’s the case, the decoupling from equities may not hold once the DXY stabilizes. That’s the key dynamic to watch this week and this hypothesis has not yet been tested.

- Put selling in the 27JUN25 #ETH contracts remained active, with similar flow seen in #BTC where the $80K strike was heavily overwritten.

- This was partially offset by large 30MAY25 collar structures, with traders selling the $98K calls to fund downside protection at the $88K strike.

- Over the past week, I flag notable screen flows in #SOL, #SHIB, and #ADA driven by fast money, while #BTC remains the preferred vehicle for stickier, institutional capital.

- This subset remains net sellers of #ETH and #SOL -- suggesting risk appetite is yet to spread out into wider areas of the market.


Posted by masoncj
Atlanta
Member since Jun 2023
465 posts
Posted on 4/23/25 at 2:21 pm to
I would love to eat crow on this …trust me!

Crypto isn’t a huge part of my NW but I would love for it to take off.

Posted by beaverfever
Little Rock
Member since Jan 2008
34194 posts
Posted on 4/23/25 at 2:25 pm to
Name all the things with a negative correlation to the stock market.
Posted by beaverfever
Little Rock
Member since Jan 2008
34194 posts
Posted on 4/23/25 at 2:29 pm to
I’m convinced that altcoin trading is led by BTC whales who use alts as a proxy for leverage when they get a good feel for an upcoming btc move. Then retail trades it and lose their money.
Posted by Robcrzy
Mandeville
Member since Nov 2007
752 posts
Posted on 4/23/25 at 4:24 pm to
its definitely whales with the selling pressure at these resistance levels Bitcoin today at 95K and XRP at 2.30 went to shite after that
Posted by BottomlandBrew
Member since Aug 2010
28326 posts
Posted on 4/23/25 at 4:38 pm to
Upper resistance is still there, but we've at least flipped some previous resistances to support in the past few days. Holding steady above 92k.
Posted by ninthward
Boston, MA
Member since May 2007
21262 posts
Posted on 4/23/25 at 5:02 pm to
it has always reflected the market. what am I missing?
Posted by masoncj
Atlanta
Member since Jun 2023
465 posts
Posted on 4/23/25 at 5:05 pm to
That maybe but that is not the common thought

Bitcoin was/is supposed to be a separate store of value apart from markets performance like S&P

I tend to agree with you that it’s looking more and more like a equity instead
Posted by slackster
Houston
Member since Mar 2009
89215 posts
Posted on 4/23/25 at 6:38 pm to
quote:

That maybe but that is not the common thought Bitcoin was/is supposed to be a separate store of value apart from markets performance like S&P I tend to agree with you that it’s looking more and more like a equity instead


I haven’t been a BTC hater in a long time, and it’s currently 5% of my NW, but the store of value claim is a crock of shite until proven otherwise.

Gold as a store of value is also a crock of shite, fwiw.
Posted by masoncj
Atlanta
Member since Jun 2023
465 posts
Posted on 4/23/25 at 8:11 pm to
Agreed that gold has no intrinsic value but man has chased it for millennia…something in our dna that draws us to it, it seems
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