Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
BTC finally no longer correlates with US stocks
- US Stocks: Entering a carnival mode, S&P up 0.64%, NASDAQ up nearly 1% (Strangely, AI is falling while traditional sectors are rising)
- Gold: Nearly 3% increase in a single day; logically, geopolitical easing should have caused a decline
- US Bonds: 10-year yield drops back to 4.16%, 2-year yield is also falling, but the decline is minimal, indicating that everyone is still observing the risks
Focus on BTC
- Subtle changes in correlation: Over the past month, the correlation between BTC and NASDAQ has actually been decreasing
- BTC is shifting from a “risk asset” to a “liquidity hedge asset”
- On-chain data shows that the selling pressure of long-term holders (LTH) has significantly weakened around $92k
An counterintuitive point: 90,000 BTC is more cost-effective than 85,000 BTC
Everyone is now front-running the non-farm payroll data on Friday; it seems everyone is trying to get ahead, and we will wait and see