Many friends have privately messaged us to inquire about the strong performance of Bitcoin and why it does not follow the U.S. stock market.

I feel it is necessary to publicly discuss this. This is a chart we shared internally in the Blue Ocean Silent Group. The upper chart shows the S&P 500's price trend from February 2020 to March 11, 2020. The lower chart shows the price trend of #BTC during the same period. In fact, the same thing happened; Bitcoin did not completely follow the decline of the S&P 500. Theoretically, if the S&P 500 index drops by 1%, #BTC should drop by more than 2% or more, but that did not happen until the arrival of March 12.

Why did gold, as a safe-haven asset, decline?

First, because electronic components and chip products contain a large amount of gold, tariffs can affect the supply and demand relationship. But the core issue is Margin Calls. The traditional financial market has a lot of leveraged trading, and a widespread crash requires margin replenishment. Selling gold to supplement margin is a normal short-term operation, but we still have a long-term positive outlook on gold.

So this logic is the same for #BTC; it’s just that the chain for BTC is a bit longer. Moreover, BTC has already experienced a drop from 110,000 to over 80,000, so the priority will definitely be to sell gold as a margin supplement. If the market continues to decline, it is very likely that funds will be withdrawn from BTC. Therefore, closely monitoring the BTC ETF data 📊 is crucial. If the net outflow significantly increases, then caution is warranted!

Core reminder: Avoid leverage, avoid contracts, and operate with bottom-fishing funds in batches and multiple times. A cautious approach ensures long-term safety! 🧐

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