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Bitcoin price action decouples from stock markets, but not in a good way -Breaking


Bitcoin price action decouples with stock market, but it isn’t in a positive way

The stock market started to turn a little more green last week.BTCThe cryptocurrency () may be decoupling from the traditional market, but it is not good. While the cryptocurrency has dropped 3%, tech-heavy stocks market indexes are up 3.1%.

Data from the United States Commerce Department, May 27, shows that personal information is up by 7%. Savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’ aversion to risky assets.

USDT/BTC margin lending ratio at OKX exchange. Source: OKX
Bitcoin 30-day options 25% delta skew at Deribit exchange. Source: