Matrixport: Bitcoin is expected to continue to follow the stock market on tariff day. Traders may want to pay attention to equity options

Odaily News Matrixport released today's chart saying that despite the continued adjustment of the stock market, Bitcoin has performed relatively well, which may be attributed to the low market activity. The funding rate is currently just above zero, and retail trading volume has fallen back to the low point of the summer of 2024.
Even though today’s tariff announcement may bring some volatility, Bitcoin is expected to generally follow the stock market. Given the current market positioning, the likelihood of a large beta reaction in Bitcoin is low.
Therefore, when it comes to hedging needs, Bitcoin traders may find better options in equity options, after all, the implied volatility of Bitcoin is still much higher than that of the stock market.