BlockBeats News, June 25th, Glassnode posted on Platform X stating, "Since 2022, Bitcoin's beta relative to Global Liquidity (GLI) and the stock market (such as SPY/QQQ) has continued to rise, while its beta to Credit Stress (High-Yield Bond Spread HY OAS) has become more negatively correlated. This indicates that BTC is becoming more like a macro asset: rising during periods of risk appetite and falling during times of increased market stress."
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