After the U.S. presidential election, market performance is usually strong, but often cools down after the president's inauguration. As the correlation between Bitcoin and the stock market weakens, MicroStrategy is doubling down and waiting for price discovery. (Background: Buy again! MicroStrategy spent another $1.5 billion to increase its Bitcoin holdings, surpassing 400,000 BTC) (Context: Trump vows he 'will not sell' the U.S. government's Bitcoin, but it's not as simple as he thinks) According to data from Bloomberg research firm Macrobond Financial, historically, U.S. presidential election years tend to perform strongly after the election, but cool down after the president is officially inaugurated, especially when the president is a Republican, where market gains are more significant. Republicans are generally seen as more favorable to business, which makes it easy for the market to experience short-term gains after the election. However, with Trump's re-election as a Republican, the market is expected to adjust after his inauguration. EricSoda's Twitter Bitcoin and stock market correlation weakens On the other hand, the current correlation between Bitcoin and the U.S. stock market is gradually weakening. Particularly with the Nasdaq technology index, the 30-day rolling correlation between Bitcoin and Nasdaq has dropped to 0.46 since March 2024, one of the lowest levels in five years. But despite the weakening correlation, Bitcoin still has nearly 50% correlation with the U.S. stock market, and in the context of a global financial market downturn, especially during significant capital outflows, Bitcoin is likely to be affected as well. Web3 investment firm MV Global predicts that the cryptocurrency bull market may continue until 2025 and peak in the second half of the year. BTC is expected to further increase after breaking $100,000 Recently, Bitcoin has pulled back to the $95,000 to $96,000 level, and the CEO of cryptocurrency analysis company CryptoQuant boosted confidence in a post yesterday, stating that over the past 30 days, MicroStrategy (MSTR) has spent $13.5 billion to acquire 149,900 Bitcoins, increasing the value of its holdings by $21.5 billion. The company's continued accumulation of Bitcoin demonstrates that the market cannot absorb such a large amount of Bitcoin in the short term without driving up prices. He further pointed out: If BTC breaks $100,000, as it enters price discovery, profits may further increase. CryptoQuant CEO's X, MSTR's Bitcoin position (USD) Related reports CZ expected to become the head of Trump's crypto department? Zhao Changpeng: Will provide assistance as much as possible Biden pardons his son 'the community calls for a pardon for CZ' Zhao Changpeng responds: Will not be CEO again, Trump criticizes judicial injustice Trump warns: If BRICS countries dare to 'de-dollarize', they will face a 100% tariff! 'Bloomberg research: Trump's inauguration in January may become a short-term high point for BTC, can Bitcoin and the stock market correlation weaken to create an independent trend?' This article was first published on BlockTempo (the most influential blockchain news media).

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