Analysis: Large-scale outflows in the fixed income market may be a medium-term positive for Bitcoin

Mars Finance News, according to Cointelegraph reports, Bitcoin recently fell below $79,000 after encountering significant selling pressure near $82,000. Market analysis suggests that the current BTC trend is highly correlated with the US small-cap stock index, indicating that it is still viewed by the market as a “risk asset” rather than a safe-haven asset. Analysts point out that escalating tensions in Iran, rising oil prices, and concerns over a global recession are continuously suppressing market risk appetite. Meanwhile, the funding rate for Bitcoin perpetual contracts has recently turned negative, indicating a clear lack of leveraged long demand in the market, and traders remain cautious about short-term gains. However, the report believes that in the medium term, large-scale capital outflows from the fixed income market may actually be positive for BTC. As global government bond yields rise to multi-decade highs, investors are gradually withdrawing from the bond market, and some liquidity may flow back into risk assets including Bitcoin in the future. Currently, the yields on 10-year US and European government bonds have both risen to multi-year highs, and Brent crude oil prices have also surpassed $100, intensifying concerns about inflation and economic pressures.