Real Vision crypto market analyst Jamie Coutts analyzed that while risk-off (risk-averse) signals are appearing in the dollar and MOVE (US bond market volatility) index, Bitcoin (BTC) may perform better than expected. Coutts explained via X, "Since 2021, as debt has grown faster than liquidity, the market has started to show signs of instability again. This trend is currently being observed in the dollar, MOVE index, long-term government bond yields, and credit markets, and historically, in such environments, liquidity-sensitive assets like stocks and BTC have shown weakness." He added, "However, BTC experienced a significant correction earlier than expected and is not in a state of excessive leverage or position concentration. Even if a risk-off phase comes, it may perform well."
