Coin Research Institute: Bitcoin is closely linked to safe-haven assets and is expected to continue in the short term.

According to the report issued by the Institute of Credit Research, Bitcoin has rapidly increased its correlation with safe-haven assets in traditional financial assets in recent months, especially last week’s US President Trump’s accidental declaration of tariffs on China broke the two countries. A short "peaceful state", after the news, we can even observe the close linkage between Bitcoin and safe-haven assets in the trading data of the minute. Since many media have noticed this linkage, the attention of traders has shifted to this point, and this correlation is expected to continue in the short term. At the same time, due to the characteristics of the year-round trading of Bitcoin, it can become an indicator of market risk sentiment on weekends and holidays, and even provide a reference for the trend after the opening of the traditional market. This increase in correlation is consistent with the historical rule that bitcoin is more prone to safe-haven properties during trade disputes, and seems to show the nature of bitcoin as a global, decentralized asset – conservatism, protectionism The dislike, and insensitivity to the economic policy outlook, seems to indicate that Bitcoin is an asset that is outside the traditional market.