‘Crypto strikes back’: Bitcoin decouples from stocks to tap $74K as institutional demand returns despite energy-driven market turmoil

Bitcoin briefly exceeded $74,000, driven by institutional inflows and geopolitical tensions, demonstrating a potential decoupling from traditional assets. Analysts note crypto's relative strength compared to equities and gold amidst escalating conflict and energy market volatility, with some framing it as a geopolitical hedge. Increased onchain activity and record USDC supply suggest fresh capital entering the market. Institutional demand is surging, with significant inflows into spot bitcoin ETFs and corporate treasury allocations reaching 2.8 times the rate of newly mined supply. Despite these positive signals, market fragility remains due to thinning liquidity, underwater buyers, and concentrated options positioning around the $75,000 strike price, which could amplify price swings. The market is currently in an accumulation phase, with the next move dependent on breaking through the $75,000 resistance level and clarity on macro factors like energy prices and Federal Reserve policy.

(Source：The Block)