The correlation between Bitcoin price and miner market value has declined, indicating the risk of market volatility
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最新报道：Background: Bitcoin prices have performed strongly over the past year, reaching a new high of $2.1 trillion in market value. However, the correlation between the market value of Bitcoin mining companies and the price of Bitcoin has dropped significantly. Main event: The correlation between Bitcoin and the market value of mining companies (such as Marathon and Riot Platforms) has dropped, and the Bitcoin reserves held by miners have decreased, indicating that miners are selling Bitcoin, causing their market value to fall. Potential impact: This decline in correlation usually indicates that the market is about to experience greater volatility and may be a signal of a trend reversal. Miner behavior is seen as a leading indicator of market health, and historically changes in miner market value have often preceded changes in Bitcoin prices. Bitcoin may be entering a strong upward phase, and the macroeconomic environment is unfavorable for mining companies.
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