#crypto &
#stock 🚀 Wall Street Goes Risk-On: Why Is This a Green Light for Bitcoin?
While traditional markets digest a massive $292 billion capital rotation, a new bullish setup is forming for Bitcoin. We analyze the numbers and facts to see why institutional investors are looking up.
💰 Money Vacuum On
April was a month of major capital outflows:
• +$118 billion entered global equity funds over the past 4 weeks.
• -$173 billion flowed out of money market (cash) funds in just one week — the largest outflow since 2018.
• Verdict: Money is fleeing safe havens and seeking returns in risky assets.
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$BTC and #S&P500 Relationship
Coinbase data shows that Bitcoin has a correlation of 0.58 with the S&P 500 index. Since BTC is now behaving like a tech stock, the inflow of capital to Wall Street automatically pushes the crypto market up. At the same time, the correlation with gold remains negligible.
🏦 What do the “whales” think? (Coinbase survey)
According to a survey of 91 large investors:
• 75% of institutional investors consider BTC to be undervalued.
• Only 7% see signs of overheating in it (overvalued).
• This means that buyers with large capital still see room for growth and do not consider the current price to be a peak.
⛓️ On-chain metrics: Strong “accumulation”
• “HODL” supply: The number of coins that have not moved for more than a year increased by 1%, while speculative coins (up to 3 months) fell by 37%. Weak hands are out, strong ones are holding.
• Clean Fuel: Stablecoin volume has grown from $308 billion to $320 billion. It’s “dry powder” ready to hit the market.
• Miners: The Puell Multiple (0.7) indicates an accumulation zone that historically precedes growth.