Glassnode: Bitcoin increasingly exhibits macro asset attributes, rising with risk preference and falling with market pressure

BlockBeats news, on June 25th, Glassnode posted on the X platform stating that "since 2022, Bitcoin's beta value relative to global liquidity (GLI) and stock markets (such as SPY/QQQ) has continued to rise, while its beta to credit pressure (high-yield bond spreads HY OAS) has become even more negatively correlated. This indicates that BTC is becoming more and more like a macro asset: rising when risk appetite increases and falling when market pressure intensifies