Asia Colour - 21 Apr 25
1/ Bitcoin staged an Easter resurrection of its own, surging past $87K during early Asia hours and clawing back much of the selloff triggered by Trump’s surprise “Liberation Day” announcement. Unlike December’s quiet Santa Rally, this move had bite — $BTC
2/ But $BTC wasn’t alone. Gold also spiked to fresh ATHs, riding on renewed trade war tensions and a weakening USD. With equities extending their April drawdown, the narrative of Bitcoin as a safe haven or inflation hedge is resurfacing—and fast.
3/ Institutional flows back this up. Spot $BTC ETFs turned positive with $13.4M in net inflows last week, reversing the $708M in outflows from the week prior. In options, risk reversals are flattening—suggesting a more balanced and less bearish outlook.
4/ So was this tandem rally in $BTC and gold just holiday noise, or a turning point for how TradFi views Bitcoin? Market confirmation may take a few more sessions, especially with Europe still out. But the $BTC-gold-equities correlation is now in sharp focus.
5/ For now, all eyes are on the key $88.8K resistance. Until that breaks cleanly, it’s too early to call a full regime shift. But if it does, this could mark a major inflection point for institutional Bitcoin adoption.
Read more: www.qcpgroup.com/insights/asia...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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