Bitcoin Faces Selling Pressure as Correlation to U.S. Small-Cap Equities Rises

BTC-1.64%

According to Odaily, Bitcoin has faced notable selling pressure recently, with its price movement showing heightened correlation to U.S. small-cap equities, indicating the market still treats it as a risk asset rather than a safe haven. Bitcoin perpetual futures funding rates have turned negative recently, suggesting limited demand for leveraged long positions and cautious sentiment among traders regarding near-term gains.

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