Analysis: Bitcoin remains stable during Good Friday break, macro factors dominate global risk sentiment

On April 19th, according to Cryptoslate, the bitcoin trading price remained stable around $84,500 this week, with no significant fluctuations during the period of Jesus' crucifixion. With stocks, bonds, and commodities trading mostly offline, the cryptocurrency market provides a rare window into investor sentiment due to the lack of broader liquidity and institutional flow. Traders are watching for progress in global trade during the holiday period, and it is expected that the market may begin to readjust positions once trading resumes at the Chicago Mercantile Exchange (CME) for futures and bonds. Before this, bitcoin is one of the few real-time sentiment indicators in the macro environment, which is increasingly influenced by policy signals and cross-asset volatility. Despite reactions from the gold, oil, and stock markets to macroeconomic and geopolitical conditions, bitcoin has maintained its original level. Unlike the correlation with stock futures and inflation-sensitive assets, bitcoin has outperformed most traditional assets in recent trading days.