Bitcoin's Performance Lags Behind Nasdaq, Presents Long-Term Buying Opportunity

According to ChainCatcher, K33 Research Director Vetle Lunde has reported that over the past month, Bitcoin has underperformed the Nasdaq Index on 70% of trading days. As of October 8, Bitcoin's performance relative to the index is 30% weaker. The recent sell-off in Bitcoin is nearing a saturation point, with panic selling signals evident in both the spot market and ETP trading flows. The significant underperformance of Bitcoin compared to stocks is disconnected from its fundamentals, presenting a strong long-term relative buying opportunity.