According to Woofun AI, as US stocks staged a strong rebound on Monday, Bitcoin (BTC) showed relative weakness, dipping to an intraday low near $74,100 and failing to keep pace with the rally in traditional risk assets.
Although the S&P 500 posted its best single-day performance since April 8 and the Nasdaq Composite rose 2.7% to recover losses triggered by the earlier correction in artificial intelligence stocks, overall momentum in the cryptocurrency market remained insufficient. The CoinDesk 80 Index edged down 0.2%, with only the meme coin index bucking the trend with a 0.4% gain.
Macro data expectations and capital flows have become the main variables driving the current market. The US Consumer Price Index (CPI), scheduled for release at 13:30 UTC, is drawing considerable attention. Economists surveyed by Dow Jones expect October headline inflation to rise 0.3% and core inflation to increase 0.2%, a pace notably slower than September's 0.6% and 0.3%, suggesting that price growth may cool further.
However, ahead of the data release, institutional capital is showing signs of retreat. Data compiled by Woofun AI shows that US spot Bitcoin ETFs saw assets shrink by $201 million on Monday, with BlackRock (BLK.US)'s IBIT (IBIT.US) product recording a single-day outflow of $213.2 million. The product has now seen redemptions for seven consecutive trading days, reflecting large asset managers' cautious stance during this key data window.
From a structural perspective, Bitcoin's price action over the past 24 hours has been largely flat, but a 1.4% decline in Ethereum (ETH) weighed on overall market sentiment. This divergence from traditional stock markets highlights the independent pricing logic of crypto assets in the face of macroeconomic uncertainty.
With inflation data set to be unveiled, market focus will shift to the room for fine-tuning Federal Reserve policy expectations. If the data meets or beats expectations, it could provide support for subsequent price action; conversely, continued outflow pressure may keep capping Bitcoin's short-term rebound potential. This marks a typical case of risk asset correlations diverging once again following the recent volatility in the artificial intelligence sector.
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