Benson Sun tuyên bố "dòng máu vàng" của BTC thức tỉnh, báo hiệu đợt thị trường tăng điểm lớn nhất trong lịch sử

The Huoxing Finance report states that on September 6, Benson Sun, founder of Coinkarma, published a lengthy article titled “The Golden Bloodline of Bitcoin Awakens: This Could Be the Beginning of the Largest Bull Market in BTC History,” in which he stated: Is the bull market here yet? Many still harbor doubts. I believe what’s coming is not just a bull market, but a major-level bull market. Benson Sun believes that BTC is transitioning from a “high-beta tech stock” to a “hard asset hedging against fiat currency depreciation,” with its correlation to gold reaching an all-time high while decoupling from U.S. equities. The 60-day correlation coefficient between BTC and gold has risen to 0.663, officially surpassing the previous historical peak of 0.64 set in November 2020—the highest level since trading records began in 2011. On September 3 and 4, the coefficient remained above 0.65 for two consecutive trading days, not merely a single-day spike. A 60-day correlation coefficient above 0.5 between BTC and gold is extremely rare, having occurred on only 2.2% of trading days historically, and previously only during two distinct periods. In August 2020, BTC traded sideways between $10,000–$12,000 before launching its primary uptrend to $64,000. In October 2022, Bitcoin was in a prolonged bottom phase; despite the FTX black swan event, it still rallied 276% from the signal level to its subsequent high of $73,000. This is now the third time in history such a high gold correlation has appeared—and this time it is purer: while gold correlation broke above 0.6, its correlation with the Nasdaq dropped below 0.25. Past bull markets were primarily driven by halving narratives combined with U.S. dollar liquidity spillover, with “digital gold” serving more as a theme than a core driver. The market has now seen a rare combination: “high gold correlation + low U.S. equity correlation + thorough consolidation.” Macro-wise, U.S. debt and dollar credit are being repriced. Therefore, Benson Sun believes the current phase resembles the early stage of a primary bull market uptrend rather than a typical oversold rebound. The market has also witnessed a divergence between the U.S. Dollar Index (DXY) and U.S. Treasury yields: over the past three months, the 30-year Treasury yield rose from 5.0% to 5.25%, briefly hitting a new high since 2007 at 5.34% on August 18, yet DXY fell below 100 from 101. With yields hitting new highs while the dollar weakens, this indicates declining market confidence in the dollar. If trades hedging against currency depreciation re-emerge as the dominant theme—and BTC simultaneously achieves a historic correlation peak with gold—this coincidence deserves serious attention. For years, markets have treated BTC as a high-volatility tech stock, but this cycle is different: in August, BTC surged approximately 24% in one week, while gold rose 5.6% and the Nasdaq fell 2.1%. The “golden bloodline” of BTC is awakening.