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HTX DeepThink: Bitcoin is once again favored as a safe haven, institutional bullish sentiment is on the rise, but retail investor participation is weakening.
ChainCatcher news, HTX DeepThink columnist and HTX Research researcher Chloe (@ChloeTalk1) analyzes that the recent international market shows a risk-averse atmosphere: the US dollar index strengthens, the yield on US 30-year Treasury bonds continues to rise, gold prices break historical highs, and long-term bond yields in Europe and Japan are generally on the rise, while US stocks have slightly pulled back. The supply pressure of European and American bonds and the uncertainty in Japanese politics have triggered a global long bond dumping; investors have therefore turned to assets such as gold and Bitcoin, with gold prices rising to over $3,500 per ounce. On-chain data shows a divergence in Bitcoin network activity: active addresses decreased by 2.2% to 692,000, but on-chain volume increased by 8% to $10.3 billion, indicating a decline in retail investor participation and an increase in the proportion of large traders. Bitcoin futures.