Crypto Vs Equities CrosscurrentsCrypto Angle

Bitcoin treated as a risk asset versus liquidity and macro indicators

April 4, 2026Henrik Zeberg, Real Vision

Henrik Zeberg frames Bitcoin as a risk asset tied to economic expansion, while Real Vision argues the old Bitcoin-ISM correlation broke and Bitcoin trades liquidity instead. This matters because traders are debating which macro lens actually explains Bitcoin moves.

“BTC is a Risk Asset”
“When Economy is Expanding - Risk Assets do well.”
“The old BTC-ISM correlation just broke down in real time.”
“BTC doesn't trade the ISM. It trades liquidity.”
Henrik Zeberg
Real Vision
macroliquiditybitcoinbtc

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