Bitget CEO: U.S. Stock Market Plunge Accelerates Macro Risk Reassessment, Bitcoin Shows Resilience

Odaily News: In response to today's sharp decline in U.S. stocks, where the market lost over $1 trillion in value in a single day, Bitget CEO Gracy Chen pointed out that this round of adjustment reflects that global markets are reassessing macro risks at a faster pace. As rising oil prices once again fuel inflation concerns, the impact of geopolitical changes is no longer confined to the energy market but is beginning to more directly influence global capital allocation.

Gracy believes that against this backdrop, Bitcoin will likely remain highly volatile in the short term. However, compared to previous periods of sharp declines in risk appetite, Bitcoin's performance in this round has been relatively stable. This reflects that the overall leverage ratio in the crypto market has significantly decreased, thereby limiting the scale of forced liquidations that typically amplify downward pressure during periods of market stress. This relative resilience sends a more noteworthy signal: in an increasingly fragmented macro environment, Bitcoin is beginning to be viewed by some portfolios as a more neutral allocation choice.