Coinbase Institutional: Bitcoin outperforms U.S. stocks, the crypto market may gradually emerge from the "extremely pessimistic period"
Coinbase Institutional published an analysis on platform X, pointing out that amidst recent geopolitical turmoil disrupting traditional financial markets, sentiment in the crypto market may be shifting, especially with btc-42">Bitcoin showing relatively strong performance.
Since the beginning of this year, Bitcoin's performance has outpaced the U.S. stock market, and market views suggest that the crypto market may be gradually emerging from a "period of extreme pessimism." The latest macro data indicates that U.S. non-farm employment growth is cooling, challenging the previous narrative that "the labor market remains resilient." Meanwhile, Bitcoin's value proposition as a relatively independent asset may be further enhanced in the eyes of institutional investors. Additionally, the rise in systematic leverage ratios reflects an improvement in participation in the crypto market. However, the market remains cautiously optimistic, with investors still waiting for further confirmation of the trend and continuously monitoring whether market participation can support a sustained upward trend.
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