Trader Eugene: Never seen such obvious "relative defensiveness" between Bitcoin and the stock market

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On April 5th, trader Eugene wrote, "At this point, even God himself seems to be defending Bitcoin - I don't think I've ever seen such an obvious relative defensive performance between Bitcoin and the stock market (meaning Bitcoin shows more resilience than the US stock market during market downturns)."

Earlier today, Eugene wrote, "Bitcoin's support level is very solid today, and its relative strength during market crashes cannot be ignored. I have established a position at $83,200 - the bottom of the S&P at 5100 points is credible, and any stock market recovery could theoretically boost Bitcoin's surge."

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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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