Odaily Planet Daily reports that Wintermute analyst Jasper De Maere stated that the significant underperformance of cryptocurrencies compared to other asset classes over the past two months may be one of the reasons for the current relative strength divergence. He believes that digital assets are different from stocks and are not directly affected by macro narratives such as supply chains and energy costs. This has become a relative advantage in the current market environment, as stocks and cryptocurrencies are gradually becoming “alternative risk assets.” In the context of uncertainty suppressing stock capital inflows, some capital may be rotating into digital assets. However, he also warned that this outperformance may not last. If geopolitical tensions lead to further rises in energy prices, increase inflation, and weaken rate cut expectations, it could put pressure on the crypto market. In the short term, the market is expected to remain highly volatile until a clearer macro direction emerges.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Mainstream CEX and DEX funding rates show the market maintains a comprehensive bearish outlook
On March 20th, Gate News reported that according to Coinglass data, Bitcoin experienced a slight pullback, with funding rates on mainstream CEX and DEX showing an overall bearish market sentiment. Funding rates impact traders' costs and returns, with rates below 0.005% indicating widespread market bearish outlook.
GateNews4m ago
Bitcoin whale wallets increased by 753 over three months, a 3.9% rise.
Gate News, on March 20, Santiment data showed that over the past three months, the number of Bitcoin whale wallets holding more than 100 BTC increased by 753, representing a 3.9% increase. Notably, this growth occurred while Bitcoin's price declined 20.2% during the same period. The increase in the number of large holders suggests that major investors remain confident in the long-term potential of cryptocurrencies.
GateNews4m ago
Sophisticated traders shift focus to Bitcoin volatility amid directional trading challenges
Traders are turning to volatility-based strategies in Bitcoin markets as they often struggle to profit despite correctly predicting market direction. This shift highlights the growing focus on market volatility among sophisticated traders.
GateNews9m ago
Yesterday Bitcoin spot ETF had net outflows of 89.65 million dollars, with BlackRock's IBIT outflow of 37.71 million dollars
According to Gate News, Bitcoin spot ETFs saw total net outflows of $89.65 million on March 20, with major outflows from BlackRock, Fidelity, Bitwise, and Ark, while Franklin and Valkyrie recorded small inflows.
GateNews9m ago
Bitcoin Price Lags Behind Global Money Supply Growth, High Energy Costs and Interest Rates Exacerbate Pressure
CF Benchmarks' latest report indicates a significant divergence between Bitcoin price and global money supply growth. Since mid-2025, global M2 money supply has increased approximately 12%, while Bitcoin price has declined 35%. High interest rates and rising energy prices have limited capital inflows. Over the medium to long term, if the financial environment improves, Bitcoin price may have a rebound opportunity.
GateNews27m ago
