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BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
Many analysts say BTC’s rebound is a bull trap, warning its price could fall to as low as $40,000 in the current cycle.
Explore Grayscale’s data-driven view on why Bitcoin may break from its four-year halving cycle shaped by institutional demand, macro forces and onchain trends.