# Сопутствующие статьи по теме Macro

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Macro", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Bitcoin: Can Asia catch up as U.S. Bitcoin ETFs control global liquidity?

Bitcoin: Can Asia catch up as U.S. Bitcoin ETFs control global liquidity? Asia's crypto ETF market remains underdeveloped, with Hong Kong leading the region by launching the first spot Bitcoin and Ethereum ETFs in 2024. However, its assets under management (AUM) remain limited, reaching only around $340 million in spot BTC ETFs by early 2026. Regulatory caution in Singapore, Japan, and South Korea positions Asia as an emerging, policy-driven follower rather than a global leader. In contrast, U.S. spot Bitcoin ETFs dominate globally with roughly $118-120 billion in AUM, reflecting faster regulatory execution, deeper capital pools, and efficient systems. U.S. products, led by firms like BlackRock and Fidelity, actively influence Bitcoin's price discovery and market sentiment, while Asian ETFs passively track prices. Recent market movements, such as Bitcoin's dip amid a rally in gold and silver, highlight how U.S. ETF flows amplify short-term volatility. However, macro forces and risk sentiment—not regional ETF activity—remain the primary drivers of market direction. Ultimately, U.S. ETFs anchor global crypto liquidity, while Asia's market remains fragmented and constrained.

ambcrypto01/27 06:48

Retail Investors Flock to Gold and Silver, Abandoning Bitcoin

Retail investors are shifting from Bitcoin to gold and silver, abandoning the cryptocurrency despite a favorable macro backdrop of easing inflation, lower interest rates, and a weakening dollar. While gold has surged past $5,000 and equities thrive on AI-driven earnings, Bitcoin has stagnated, down 25% from its October highs with over $1.3 billion withdrawn from crypto funds in a week. Analysts note Bitcoin is losing its appeal: it lacks gold’s safe-haven attributes during geopolitical uncertainty and underperforms compared to high-growth tech stocks. On-chain data shows Bitcoin holders are realizing net losses for the first time since 2023, indicating eroding conviction. Open interest and trading volumes have declined sharply, with speculative interest migrating to prediction markets and decentralized platforms. The cryptocurrency’s role as a macro hedge is increasingly questioned, as its price movements correlate more with tech stocks and liquidity than with dollar weakness or inflation. Despite past cycles of dormancy and recovery, Bitcoin’s current stagnation amid broad market gains highlights its diminished momentum and a quieter, more fragmented ecosystem.

华尔街日报01/27 00:47

Retail Investors Flock to Gold and Silver, Abandoning Bitcoin

华尔街日报01/27 00:47

Bitcoin Bulls Eye Dollar Weakness As Yen Intervention Rumors Build

Bitcoin traders are closely monitoring potential US-Japan currency intervention, sparked by rumors that the New York Fed conducted "rate checks"—a step often preceding coordinated action. A viral social media thread suggested this could lead to the US selling dollars to buy yen, potentially weakening the dollar and boosting global liquidity—conditions historically favorable for risk assets like Bitcoin. However, analysts warn of near-term risks: a sudden yen appreciation could force unwinding of the massive yen carry trade, potentially causing a sharp, short-term crash in crypto (similar to a $15K Bitcoin drop in August 2024). The consensus is that while initial yen strength may be disruptive, sustained dollar weakness and improved liquidity over the medium term would ultimately benefit Bitcoin. At the time of writing, Bitcoin traded at $87,926.

bitcoinist01/26 20:32

Bitcoin Bulls Eye Dollar Weakness As Yen Intervention Rumors Build

bitcoinist01/26 20:32

70% Of Institutional Investors Aren’t Buying The Bitcoin Top Narrative – Here’s Why

Institutional investors maintain strong confidence in Bitcoin's long-term value, with 71% considering it undervalued between $85,000 and $95,000, according to Coinbase's Q1 2026 report. Despite recent price volatility and outflows into traditional safe-havens like gold and silver due to geopolitical tensions, the majority of institutions plan to hold or increase their Bitcoin holdings even if prices drop further. Over 60% have maintained or raised their positions since October's peak. While macroeconomic uncertainties and geopolitical risks may cause near-term price fluctuations, the institutional outlook remains cautiously optimistic, supported by expectations of potential Federal Reserve rate cuts and sustained accumulation behavior.

bitcoinist01/26 16:05

70% Of Institutional Investors Aren’t Buying The Bitcoin Top Narrative – Here’s Why

bitcoinist01/26 16:05

Gold Surpasses $5,000 First, When Will the Crypto Market Reverse?

The article discusses the outcome of a popular prediction on Polymarket from October last year: "First to $5,000: Gold or ETH?". While Ethereum had once approached $4,800 with high market confidence, gold ultimately surged past $5,100 per ounce on January 26, whereas Ethereum remained stagnant between $2,800 and $3,000. The rise in gold is attributed to macro factors including concerns over U.S. fiscal health, geopolitical tensions, and inflation-driven capital flight toward safe-haven assets. Institutional sentiment has turned strongly bullish, with banks like OCBC and Goldman Sachs raising their gold price targets. Meanwhile, tokenized gold products have seen record investment inflows. In contrast, the crypto market has faced significant outflows, with Bitcoin and Ethereum ETFs recording substantial withdrawals. Bitcoin has fallen 30% from its peak, and Ethereum is down around 40%. Analysts like Peter Brandt have turned bearish, citing completed bear channels. However, the article suggests that crypto’s downturn may be temporary—a phase in capital rotation toward safety. Once gold’s momentum slows or macro risks ease, capital may return to deeply oversold crypto assets. Bitcoin shows classic bottoming signals, including peak realized losses, while Ethereum’s high staking ratio reflects long-term confidence. The potential appointment of a crypto-friendly Fed chair could also boost the market. The piece concludes that gold’s rally may have further to go, and crypto investors may need to wait for a rotation signal before a sustained rebound occurs.

marsbit01/26 15:43

Gold Surpasses $5,000 First, When Will the Crypto Market Reverse?

marsbit01/26 15:43

Bitcoin shorts drop 82%, hedge funds cut exposure – Rally or more caution?

Leveraged hedge funds have reduced their Bitcoin futures short positions on the CME by 82%, from $444 million in August to $78 million by mid-January. While this decline may appear bullish, analysts caution that these funds engage in basis trades—buying spot ETFs while shorting futures—and the recent drop in yield from 10% to 5% has made these positions less attractive. Consequently, reduced short exposure may not necessarily signal a bullish trend unless accompanied by renewed spot ETF inflows. Recent ETF outflows totaled $1.33 billion, reflecting weakened institutional demand. However, easing geopolitical risks and potential liquidity injections could support a short-term BTC recovery. At the time of writing, Bitcoin traded at $89.7k.

ambcrypto01/24 12:02

Bitcoin shorts drop 82%, hedge funds cut exposure – Rally or more caution?

ambcrypto01/24 12:02

Hotcoin Research | When Macro Factors Become Pricing Logic: A Forward-Looking Analysis of Macro Variables in the Crypto Market for 2026

Hotcoin Research | When Macro Factors Become Pricing Logic: A Forward-Looking Analysis of Macro Variables for the Crypto Market in 2026 This report examines how macroeconomic factors have evolved into primary drivers of cryptocurrency market dynamics, moving beyond narratives and on-chain innovations. Key macro variables—such as interest rates, inflation, regulatory policies, institutional capital flows, and geopolitical events—now critically influence crypto asset prices. The analysis reviews historical impacts: low interest rates and expansive liquidity in 2020–2021 fueled a crypto bull market, while tightening monetary policy in 2022 triggered a downturn. By 2025, the Federal Reserve had cut rates to 3.5–3.75%, with further easing expected in 2026. Regulatory developments, including the U.S. GENIUS Act and E.U.’s MiCA regulation, are improving market structure and attracting institutional participation. Bitcoin ETF inflows alone added ~$300 billion in 2025. Looking ahead to 2026, the crypto market is expected to be shaped by continued monetary easing, clearer regulations, and growing institutional adoption. Under a baseline scenario, Bitcoin may reach new highs with reduced volatility. An optimistic scenario could see parabolic growth if additional positive macro or regulatory surprises occur, while a pessimistic outlook involving inflation resurgence or geopolitical crises may trigger significant correction. Overall, 2026 may see crypto further integrated into global finance, with macro variables remaining essential for understanding market direction and risk.

marsbit01/24 09:03

Hotcoin Research | When Macro Factors Become Pricing Logic: A Forward-Looking Analysis of Macro Variables in the Crypto Market for 2026

marsbit01/24 09:03

Inside Bitwise’s bet on the debasement trade with Bitcoin-gold ETF

Despite recent underperformance compared to gold, asset managers like Bitwise believe Bitcoin remains a crucial hedge against currency devaluation and fiscal debt. This has led to the launch of the Bitwise Proficio Currency Debasement ETF (BPRO), a combined Bitcoin-gold ETF designed to capitalize on the "debasement trade" narrative. The fund aims to protect investors from the erosion of purchasing power caused by expanding money supply and rising U.S. debt, which now nears $40 trillion. The ETF garnered significant interest, with $13.2 million in trading volume and $52.4 million in assets under management on its first day. Bitwise's internal data indicates strong institutional demand for such alternative hedges, ranking second only to stablecoins. However, the short-term correlation between Bitcoin and gold has recently been negative, with gold surging 78% over the past year while Bitcoin declined 14%. Despite attempts to revert to a positive correlation in 2026, this decoupling has persisted, exacerbated by recent geopolitical tensions and macroeconomic instability. Nonetheless, Bitwise and its competitors are moving forward, betting on the long-term viability of the debasement trade.

ambcrypto01/24 05:02

Inside Bitwise’s bet on the debasement trade with Bitcoin-gold ETF

ambcrypto01/24 05:02

Weekly Selection丨Gold and Silver Bull Market Continues, X Algorithm Open-Sourced, Trump's "TACO Deal" Returns

PANews Weekly Digest: Gold and silver bull markets continue, X algorithm goes open-source, and Trump's "TACO deal" resurfaces. This week’s analysis covers investment outlooks, macro trends, and crypto developments. Top investors are betting on copper and new crypto assets while reducing exposure to oil. CZ shared insights at Davos, highlighting tokenization and AI. Electric Capital and ARK Invest released 2026 blueprints focusing on user sovereignty, AI, and DeFi. Macro warnings compare current AI and geopolitical risks to the 1930s, though Trump’s softened stance on Greenland eased markets. Digital Yuan evolves with interest-bearing features, while the NYSE advances tokenized securities. The delayed CLARITY Act reflects deeper industry fragmentation. Gold and silver are rising structurally—driven by fiscal expansion and industrial demand—with Bank of America projecting gold could reach $6000. X’s) algorithm update prioritizes depth over virality, rewarding quality content. Solana and Avalanche show robust on-chain activity despite market conditions. ICP’s deflationary proposal sparked a 30% price surge. Key news: Space refunds $7.3M, Hong Kong rejects RWA for equities, major token unlocks ahead, and Ethereum sets a record with 2.9M daily transactions.

marsbit01/24 01:33

Weekly Selection丨Gold and Silver Bull Market Continues, X Algorithm Open-Sourced, Trump's "TACO Deal" Returns

marsbit01/24 01:33

Matrixport Research: Tariffs Stir the Market, Bitcoin Becomes the 'First-React Asset' to Macro Volatility

This Matrixport research report analyzes recent Bitcoin price volatility in the context of former President Trump's tariff threats. It argues that the market pullback is not due to a deterioration in crypto fundamentals, but rather a tactical repricing driven by external macro shocks. The report posits that Trump's trade strategy has evolved into a "two-step escalation" mechanism designed to create immediate liquidity shocks and strengthen negotiation leverage. Bitcoin is increasingly acting as a high-beta proxy for global liquidity, often being the first asset to price in such macro shocks, especially over weekends when traditional markets are closed. The subsequent deeper sell-off upon the reopening of equity futures suggests the moves are driven more by institutional portfolio rebalancing than retail sentiment. The analysis concludes that these tariff-induced pullbacks (typically 3%-7%) are tactical and create repeatable trading opportunities rather than signaling a structural trend reversal. As the market adapts to this pattern, the report advises investors to focus on disciplined accumulation during these liquidity-driven dips rather than overinterpreting short-term headlines.

marsbit01/23 09:30

Matrixport Research: Tariffs Stir the Market, Bitcoin Becomes the 'First-React Asset' to Macro Volatility