Glassnode: Bitcoin increasingly shows macro asset attributes, rising with risk appetite and falling with market pressure
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币界网报道：According to the news from Bijie.com, on June 25 (UTC+8), Glassnode released a message on the X platform saying that since 2022, the beta value of Bitcoin to global liquidity (GLI) and stock markets (such as SPY/QQQ) has continued to rise, reflecting its enhanced market linkage. At the same time, the beta value of Bitcoin and credit pressure (such as high-yield bond spread HY OAS) is becoming increasingly negatively correlated, indicating that Bitcoin is increasingly becoming a macroeconomic asset: it shows an upward trend when risk appetite increases, and it will fall when market pressure increases.
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