Short-term selloffs, simulated downside, and why Bitcoin still leads in this macro

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	Forwarded this email? Subscribe here for more Bitcoin Drops with Stocks, But That’s Not the Whole Story Short-term selloffs, simulated downside, and why Bitcoin still leads in this macro Ecoinometrics Aug 4 ∙ Preview   READ IN APP   After trading in a tight range just below its all-time high for most of July, Bitcoin pulled back slightly at the end of last week. Was this because of some Bitcoin-specific news? Not at all. The move followed a broad risk-off shift in markets, triggered by another round of labor market data and renewed concerns about U.S. tariffs. Now, it’s worth noting that the labor data wasn’t particularly bad and the tariffs, so far, haven’t had the kind of negative impact some feared. But that’s beside the point. What matters is how Bitcoin reacts in this kind of environment. And historically, when equities sell off sharply, Bitcoin tends to follow. That’s not new. It’s a recurring pattern driven by how investors treat Bitcoin as part of the broader basket of risk assets. Let’s dig into the data to see exactly how this plays out. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 33,000 professional investors and fund managers: Upgrade to paid Ready? Let's dig into the data. Bitcoin Drops with Stocks, But That’s Not the Whole Story The Takeaway Bitcoin’s recent dip wasn’t driven by crypto-specific news but by a broader risk-off move in equities, an expected outcome given Bitcoin’s historical correlation to the Nasdaq on sharp down days... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe