BIT Official: This round of correction is driven by macroeconomic factors, not artificial intelligence

Golden Finance reports that on June 23rd, BIT Official released a daily chart analysis stating that Bitcoin and the US software industry ETF (IGV), which previously appeared to be decoupled in their movements, are now increasingly showing signs of a short-covering rebound, with IGV having significantly reversed and declined. The fundamentals of software stocks and Bitcoin are vastly different, but both are driven by the same set of macroeconomic factors.
When market liquidity is loose, expectations of interest rate cuts rise, or risk appetite increases, funds usually flow first into high-volatility growth assets. The price correlation between the two reflects their sensitivity to real interest rates and US dollar liquidity, rather than their own operational fundamentals.
Since October 2025, the Federal Reserve's policy stance has shifted to a dovish tone, which may be the core reason for the simultaneous weakening of both markets. The AI boom is merely a surface explanation for this correction in market interpretation.
BTC-3.27%
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