Willy Woo: This cycle, Bitcoin has become a global macro indicator.

DailyNews
WOO-1,48%
BTC-0,86%

PANews May 29 news, crypto analyst Willy Woo posted on X platform that Bitcoin is transitioning from the traditional 4-year cycle model to being driven by global macroeconomic factors, with the intrinsic influence of Mining rewards Halving weakening. Currently, Bitcoin is more driven by changes in global Liquidity, becoming the “canary in the coal mine” for global macro trends, reflecting changes in market expectations and capital flows.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments