The uncertainty in the global economy and the fluctuations in the traditional financial markets continue to direct investors to alternative vehicles. In this environment, Bitcoin stands out with its stable price course and investor interest. According to experts, Bitcoin is considered a kind of protection mechanism against the depreciation of the currencies. The stability observed in the crypto currency market reveals that investors prioritize Bitcoin in search of confidence.
SWAP Rates and Data on Market Balance
The crypto money market has been following a relatively quiet course in recent days. Swap rates are constantly positive and limited to the liquidation of approximately $ 480 million on a weekly basis, the market shows that the market is more balanced than the harsh fluctuations in the past. This figure remains at a very low level compared to the periods of large decreases. In addition, despite the decline of the USA below $ 1, there has not been a harsh depreciation, the liquidity and confidence in the market still continues.
The fact that the difference in “on-shore” and “off-shore” in futures remains positive is another remarkable indicator. This reveals that stability in the crypto currency market continues and investors do not expect a harsh retreat. In particular, Bitcoin’s current price, around $ 84,984, points to a period in which the volatility is reduced and investors are more cautious but determined.
According to experts, Bitcoin becomes without alternatives
NYDIG Global Research President Greg Cipolaro says Bitcoin has drawn a more resistant profile than Ethereum and other Altcoins under current market conditions. Chipolaro, Bitcoin’s currencies against the depreciation of the “safe port” is preferred, he says. Swap rates remain positive and the absence of significant liquidation levels supports that the stress in the market is low.
“The difference between ETH and BTC has decreased to the levels that have not been seen since 2019. While many crypto currencies cannot find their direction in this environment, Bitcoin’s stability offers a clear choice to investors,” he said. In addition, the global decreasing Fiat trust and the search for alternative investment make Bitcoin a more attractive option.
Investors are turning to Bitcoin against turmoil in traditional markets, developing some kind of “protection strategy .. This is seen as one of the important reasons why volatility does not reach the expected levels in the crypto currency market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
