Monday's market was good, with Bitcoin breaking through the $94,000 mark in one fell swoop, ending nearly a month of consolidation. Simultaneously, the US stock market also opened higher. The catalyst behind this is the escalation of the geopolitical situation in Venezuela—sounds tense, but the market's interpretation is actually quite interesting. Most traders see this as a rebound in risk appetite within controllable limits, rather than a sign of systemic collapse. In other words, during this wave of market movement, cryptocurrencies and traditional stocks have shown considerable correlation, and this correlation has become increasingly evident recently.
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TradingNightmare
· 01-07 08:54
94k reached, finally broken through. This past month has been really frustrating.
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SchrodingerWallet
· 01-05 20:50
$94,000? Damn, I already cut my losses when it was at $50,000.
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MetaverseHobo
· 01-05 20:43
94k broken, finally no need to wait for death, but is this Venezuela thing really a reason for risk appetite to rebound?
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FlashLoanLarry
· 01-05 20:37
lol geopolitical risk as a risk-on catalyst? that's the move... correlations getting tighter between crypto and equities rn, exactly what my thesis said would happen. the basis points of alpha keep shrinking when everything moves together tbh. still, 94k is just opportunity cost territory—where's the real liquidity depth test
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BearMarketMonk
· 01-05 20:28
The escalation of geopolitical tensions is actually fueling risk appetite, which is absurd... Is the market deceiving itself, or are we all living in an illusion?
Monday's market was good, with Bitcoin breaking through the $94,000 mark in one fell swoop, ending nearly a month of consolidation. Simultaneously, the US stock market also opened higher. The catalyst behind this is the escalation of the geopolitical situation in Venezuela—sounds tense, but the market's interpretation is actually quite interesting. Most traders see this as a rebound in risk appetite within controllable limits, rather than a sign of systemic collapse. In other words, during this wave of market movement, cryptocurrencies and traditional stocks have shown considerable correlation, and this correlation has become increasingly evident recently.