Viewpoint: The next sharp drop in the US stock market may lower BTC below $75000, and a return to $100000 requires a sustained change in macro liquidity

Odaily Planet Daily News: Capital Flows published an article on X platform stating that the decline in the US stock market is affecting listed companies in the Bitcoin and cryptocurrency sectors (such as Coinbase and Strategy). The convergence between Bitcoin and traditional risk asset flows is increasing, but it is still at the far end of the risk curve. Capital must flow "outward" from low-risk assets and enter the cryptocurrency market to drive Bitcoin up. If Bitcoin rebounds to the range of $100000, a sustained change in macro liquidity is required, and this change has not yet occurred. If macro liquidity cannot be adjusted continuously, with the increase of implied volatility premium, the next stock market decline may pull Bitcoin down to the range of $72000-75000.