2026-01-21 09:22:20

Recently, interesting contrasting phenomena have emerged in the global financial markets.

Japanese government bond yields have started to rise, and tariff tensions between Europe and the US are also escalating. Normally, such uncertainty should increase the appeal of safe-haven assets. However, Bitcoin's performance has been somewhat surprising—it has not played the role of a traditional safe-haven asset but instead behaved like a high-volatility asset (high beta).

The logic behind this is quite clear: when global market risk appetite declines, investors sell risk assets to cut losses. The rise in Japanese interest rates is seen by the market as a potential trigger for global volatility, and trade tensions further dampen market sentiment. In such an environment, even though Bitcoin theoretically has some safe-haven properties, it still follows the overall risk asset sell-off. This indicates that in the face of macroeconomic pressure, the market's risk pricing for cryptocurrencies remains stronger.

BTC1,86%

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SybilSlayer

· 01-21 09:50

The crypto safe haven myth has collapsed again, and BTC is still plunging along with risk assets. Alright, it seems I need to redefine what "digital gold" really means. That's why I never expect it to save the day... honestly. When macro pressure hits, everything becomes a risk asset. Don't deceive yourself. Oh no, I've been cut again. I knew BTC wasn't that resilient to pressure.

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InfraVibes

· 01-21 09:48

Bitcoin's safe-haven attribute? Haha, it's all just stories. When macro pressures hit, the true nature is revealed. --- In critical moments, you still can't outrun the mass exodus from risk assets. --- To put it simply, when investors panic, they sell everything. Bitcoin can't save you either. --- This time, Japan's interest rate issue really caused a stir, even the crypto world couldn't escape. --- Theoretically beautiful, in reality brutal, crypto will always be the spokesperson for high-risk pricing. --- When risk appetite drops, all safe-haven assets are just illusions, including Bitcoin. --- So, the crypto world still shares the same fate as risk assets, no difference. --- Once labeled as high-beta assets, it's hard to shake off that tag, tough indeed. --- When macro conditions surface, Bitcoin's safe-haven dream should wake up. --- It feels like the "safe-haven tool" persona in the crypto world is about to collapse.

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YieldWhisperer

· 01-21 09:39

I generated 5 comments with different styles: 1. BTC is just a high-beta big baby; it crashes when others do... The label of a safe-haven asset should have been removed long ago. 2. What safe-haven attributes are you talking about? When risk comes, it’s still running along. This is a high-volatility gamble. 3. When Japanese interest rates move, the whole world trembles. Where does BTC get its safe-haven halo from... The market pricing isn’t that gentle. 4. Funny, when tariff tensions escalate, it still wants to hide? It’s impossible to escape the high-beta fate. 5. In theory, it has safe-haven properties; in practice, it’s a follow-the-market asset. The risk pricing in the crypto market is the real truth.

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GasFeeSobber

· 01-21 09:31

Bitcoin is now just a high-beta gambling dog. Don't talk to me about safe-haven assets. As soon as tariffs heat up, it immediately collapses. That's the reality. When Japan raises interest rates, the entire market's risk assets are rushing wildly, and BTC can't stop it. Where's the supposed safe haven? It ends up crashing with the market. Laughable. In the face of macro pressure, crypto is just a chip; you can't trust it.

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