Santiment: Bitcoin Outpaces S&P 500 and Gold With 36% Gain in Five Weeks
- —Bitcoin gained 36% in five weeks vs. 0.8% for the S&P 500 and -1.5% for gold
- —Santiment links the rally to selling by 0.1-10 BTC holders and returning ETF demand
- —The U.S. Treasury doubled long-term bond buybacks since early September
- —Continued outperformance depends on ETF demand, liquidity and institutional flows
Why it matters: Bitcoin is trading on its own drivers, but rising leverage and investor euphoria raise the risk of a sharp pullback.
Source: Koin Bülteni