The Wall Street bank said fading crypto momentum could be flagging trouble for equities, though improving liquidity may revive the year-end rally.
Bitcoin Weakness Sends a Warning to Stocks, but Liquidity May Soon Turn, Citi Says
The Wall Street bank said fading crypto momentum could be flagging trouble for equities, though improving liquidity may revive the year-end rally.
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Despite new all-time highs, on-chain data signals the rally may be far from over.
A fast reset in downside odds mirrors QCP’s warning of flat-footed pro desks, with Glassnode highlighting oversold momentum and moderating ETF outflows.
Fresh allocations to spot bitcoin ETFs suggest investors are growing more comfortable despite the asset still being down 16% this year.
Bitcoin pulled back to just above the $92,000 area as gold surged back to $4,500 per ounce and silver rallied above $80.