Bitcoin, broader market fail to keep pace as global equities hit record highs
Derivatives data show subdued activity in bitcoin and ether but aggressive positioning in select altcoins.
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Summary
- Bitcoin is trading little changed even as global stock indexes hit record highs on AI optimism and easing energy concerns, underscoring crypto-specific weakness.
- Derivatives data show subdued activity in bitcoin and ether but aggressive positioning in select altcoins.
- A sharp $4 billion, 60-day contraction in Tether’s market value signals capital leaving crypto and may indicate late-stage selling. A durable bottom would require USDT supply to start rising again.
