I’ve always thought of cryptocurrencies like tech stocks: new technology with prices mostly moving with the Nasdaq.
But yesterday was different.
Stocks sold off. Gold popped. Bonds dropped. And Bitcoin? Up.
That’s not noise. That’s a signal.
The breakout level I’ve been watching held—on a day when most markets were spooked.
That shows real demand is setting a floor under Bitcoin.
And here’s the bigger picture: Bitcoin has been moving opposite bonds lately.
When Treasuries sell off, Bitcoin rises. With institutional capital now flowing in, we’re seeing the start of something new: Bitcoin behaving like its own asset class - even a potential Treasury hedge.
Bitcoin is no longer just a “leveraged Nasdaq.” I want to hear if you agree. Reply and make your case.
We’re still early. But the market is whispering something that’s worth paying attention to.
From where the sun rises first,
Louis Sykes Senior Crypto Analyst, All Star Charts
