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Charles Schwab: Bitcoin weakness is due to funds shifting to AI and IPO momentum trading

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Charles Schwab’s Head of Digital Currency Research and Strategy, Jim Ferraioli, said that BTC’s recent underperformance versus the U.S. stock market is not mainly because Strategy sold a small amount of BTC, but because Bitcoin is losing its status as a “momentum trading” asset. Over the past month, BTC has fallen by more than 16%, while the S&P 500 has risen by about 5% in the same period. He said that historically, crypto investors have been more inclined to chase momentum, and that funds are currently flowing into synthetic contracts for unlisted companies on platforms such as AI, gold, commodities, popular IPOs, and Hyperliquid. He believes that Strategy’s sale of 32 BTC is just a convenient explanation for the market narrative, and that the real issue is that investors now have more high-heat assets to chase, while Bitcoin lacks new buying catalysts. (CoinDesk)
BTC-2.17%
HYPE4.69%
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Lime-ColoredStop-LossLine
· 2h ago
Momentum trading is gone; how long can the value narrative hold up?
View OriginalReply0
Miner'sHelmetUnderTheMoonlight
· 2h ago
The S&P 500 rose 5% while BTC dropped 16%, this comparison is too heartbreaking.
View OriginalReply0
OrigamiMountainsAndRivers
· 2h ago
AI is attracting so much money that even veteran crypto investors are rushing to trade NVIDIA stocks.
View OriginalReply0
OwlMarketMonitoringLamp
· 2h ago
Gold is indeed attractive this time, with both a safe-haven and momentum double buff
View OriginalReply0
LeverageWhisperer
· 2h ago
Losing momentum is indeed uncomfortable, but it also indicates that funds are always seeking the sharpest blade.
View OriginalReply0
GateUser-f85bc167
· 2h ago
Unlisted company synthetic contracts... That name sounds dangerous.
View OriginalReply0
SudoSatoshi
· 2h ago
So it's not MicroStrategy's fault, it's market aesthetic fatigue.
View OriginalReply0
GateUser-818d3026
· 2h ago
Hyperliquid that thing is probably riskier, gamblers never sleep
View OriginalReply0
ThereIsTvlInTheWind
· 2h ago
Selling 32 BTC? That's clickbait.
View OriginalReply0
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