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BlackRock says Bitcoin is decoupling from the US stock market.
The meaning is simple: Bitcoin is being treated as an independent asset, not a shadow of the US stock market.
The previously accepted rule in the community was that when US stocks rise, BTC may not follow, but when US stocks fall, BTC definitely falls with them. This rule is changing recently.
In July, when AI stocks sharply corrected, Bitcoin remained stable and did not crash along with them. Robert Mitchnick, BlackRock's head of digital assets, stated frankly that this decoupling is healthy. Many investors allocate Bitcoin precisely to diversify risk.
In short, Bitcoin's positioning is changing. It is gradually shifting from a "high-risk speculative asset" to a "diversification tool in portfolios."
Last week's ETF data also supports this narrative. The US spot Bitcoin ETF saw net inflows for five consecutive days, totaling $853.5 million, marking the best weekly performance since mid-April. BlackRock's own IBIT accounted for over 80% of the total with $693.7 million. Fidelity also added $116.4 million.
Mitchnick also shared a set of data showing that Bitcoin has gone through five complete boom and bust cycles, with the price at the end of each cycle significantly higher than the previous one, though intense volatility has never been absent.
BlackRock's message is clear: Bitcoin's long-term logic remains unchanged, short-term volatility is normal, but its role is evolving. If the decoupling from US stocks continues, it is not a bad thing for Bitcoin.
Those holding short positions on Bitcoin can consider closing half now; gold has already suffered losses.
$BTC $ETH $XAU
#现货ETF资金回流，BTC与ETH能否接力？ #CPIToResetFedBets #AIMemorySelloffEases #BTCETHETFInflowsReturn
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