Bitcoin trails leveraged risk assets as QQQ 3x surges, Joao Wedson notes

Bitcoin trails leveraged risk assets as QQQ 3x surges, Joao Wedson notes
Bitcoin lags as QQQ 3x surges

Joao Wedson, industry influencer, observes a notable correlation between Bitcoin and leveraged risk assets such as the ProShares UltraPro QQQ 3x. In his recent commentary, Wedson highlights that while QQQ 3x has posted a significant surge, Bitcoin has also reacted but with much less intensity. He raises the question of whether Bitcoin is simply lagging behind these risk assets in its response.

Wedson has previously tracked macroeconomic trends, citing a significant slowdown in global money supply and a sharp drop in Japan's M2. He has also recommended that traders consider key on-chain levels when trading Bitcoin. His recent observations add to an ongoing commentary on cross-asset risk signals.

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