Bitcoin’s Path Higher Just Got HarderThe macro backdrop has deteriorated and ETF demand has swung sharply lower.
Bitcoin closed May in negative territory, ending a two-month stretch of gains. On its own, that’s not enough to tell us much. Recoveries aren’t expected to move in a straight line and a weak month can easily happen along the way. The more important question is what sits behind that weakness. Because while U.S. stocks continue pushing higher, Bitcoin has started losing momentum. And some of the developments we’ve seen over the last few weeks tell us that this slowdown is not happening by accident. Today we’ll look at what changed beneath the surface, why Bitcoin is struggling to keep pace with other risk assets, and whether the recovery that started in March is dead. Let’s look at the data. 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 34,000 professional investors and fund managers: Ready? Let’s dig into the data. Bitcoin’s Path Higher Just Got HarderThe Takeaway...Continue reading this post for free in the Substack app
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