Mars Finance News: According to The Block, Bitcoin's price trend has shown correlation with gold or the Nasdaq index at different stages this year. However, analysts from research and brokerage firm Bernstein point out that short-term correlation is misleading. They believe that factors such as retail investor selling fatigue, corporate acceleration of Bitcoin hoarding, and the reflux of exchange-traded fund (ETF) funds are more important indicators—these signs suggest that a "supply squeeze" is forming, which could drive Bitcoin to a new high.
Bernstein: BTC is expected to hit a record high, with multiple factors such as corporate coin hoarding and ETF craze working together
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