Bitcoin is trading as a macro asset with gold correlation, Anndy Lian notes

Bitcoin is trading as a macro asset with gold correlation, Anndy Lian notes
Bitcoin matches gold as $82 million exits ETFs

Anndy Lian points out that Bitcoin is now showing an 81 percent correlation with gold, suggesting that digital assets are increasingly trading like rates-sensitive macro instruments.

According to Lian, this trend has led to $82 million in net outflows from U.S. spot Bitcoin ETFs as institutional investors respond to these macro dynamics.

Earlier this month, Lian highlighted Bitcoin’s 6.09 percent drop to $66,867.60 as institutional capital exited digital assets, causing the cryptocurrency to underperform the broader crypto market (link). In a separate note, he stated that Elon Musk’s net worth stands at $1.2 trillion, equal to 3% of nominal U.S. GDP and exceeding Rockefeller’s 1.5% in 1937 (link).

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