Glassnode: Bitcoin is beating the S&P 500 more often, and that could pull capital back in
- —Bitcoin has outpaced the S&P 500 more often than not in recent weeks
- —In June it beat the index on only one of five trading days
- —Glassnode called that the weakest relative performance in about five years
- —The rebound could trigger capital rotation into bitcoin
Why it matters: Improving relative returns versus equities could draw back capital that has rotated into AI infrastructure and traditional finance.
Source: Bloomingbit