Bitcoin is currently trading around $81,521, after a relatively flat day. But behind the stable price lies a potentially shifting macro landscape.
According to Binance, credit spreads in U.S. bond markets have hit an eight-month high — a classic signal of rising investor caution. While traditionally a warning for stocks and risk assets, some observers are wondering whether Bitcoin might now begin acting more like a safe haven asset.
Not all analysts agree. Timothy Peterson, known for his Bitcoin valuation models based on Metcalfe’s Law, argues that the current downtrend is limited and may not extend beyond a typical 90-day “weak bear” phase.
The situation underscores a new reality: Bitcoin is no longer isolated from global macro signals. As investors watch both bond yields and crypto charts, the link between TradFi and digital assets continues to tighten.
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