Another day dominated by geopolitical war, I noticed many friends today are puzzled about why the war has intensified, U.S. stocks are falling, while oil prices are rising, and even $BTC is also rising. Is it that investors are starting to treat Bitcoin as a safe-haven tool? In fact, it's not. This morning, the market reaction was still not good, with the Nasdaq and S&P down over 1.5%, and U.S. oil prices rose to $120, making the market sentiment very poor.

However, around noon, there was news that the G7 is preparing to release strategic reserves of oil to cope with rising oil prices. This is good news; if the G7 can indeed release it, it would lower oil prices. Of course, there’s still no clear news from the G7, and we might only know by the end of this week. This news helped ease the market sentiment.

After the release news was announced, U.S. stocks began to rebound. The Nasdaq index moved from down 1.6% to now down 0.2%, showing significant recovery. The price of U.S. oil also dropped from $120 to the current $93, which is not much different from Friday’s closing. Therefore, the rise in Bitcoin’s price is not without reason or due to investors shifting; rather, it’s a reaction from investors to the G7's actions. Of course, if the G7 does not plan to release or delays the release, it will still lead to a decline in sentiment.

Looking back at Bitcoin’s data, today’s trading volume is still not good. Although the price has slightly increased, buying power has not risen much. The turnover rate is not much different from a normal Monday, and investor sentiment has not turned to increased selling due to the price rise; mostly, it’s just short-term investors trading.

The chip structure remains very solid. Although prices are weak and buying power is low, we can indeed see that more investors are not entering a panic; most investors have chosen to become long-term investors.

Additionally, today marks the official mining of the 20 millionth $BTC, and there isn’t much left. I hope BTC can truly show its safe-haven properties.

Bitget VIP, lower fees, better benefits

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。