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The price of Bitcoin has stabilized above $100,000 for over a month, with its correlation coefficient with the US stock market dropping to -0.29, showing a clear negative correlation trend.
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Notably, physical gold has recently hit a new high, while the correlation between Bitcoin and gold has reached 0.2, indicating that Bitcoin's "digital gold" properties are gradually becoming more pronounced. This market dynamic may suggest that Bitcoin is likely to continue to rise in line with gold's trend, demonstrating its potential as a store of value. This shift in correlation is
significant for understanding the positioning of Crypto Assets in the current macroeconomic environment.#$BTC