ME News reports that on May 11 (UTC+8), Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted that BTC and ETH are currently showing signs of decoupling from U.S. equities. Many attribute this to specific news events such as the Clarity Act or trading activities on certain platforms, but the underlying cause is simpler: BTC and ETH are currently undervalued, while many U.S. equities are overvalued. (Source: Foresight News)
BTC and ETH show divergence from U.S. stocks due to valuation differences
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Summary
Mike Alfred of Alpine Fox LP said on May 11 that BTC and ETH are diverging from U.S. stocks. The Fear & Greed Index indicates that crypto is undervalued, while many stocks are overvalued. This trend is not driven by short-term news but by fundamental valuation gaps. Altcoins to watch may also benefit from this shift in market sentiment.
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