Bitcoin's rebound is losing momentum. As US stocks are sold off and gold prices surge, the overall market remains shaken by macroeconomic instability.

Looking at recent macro indicators, the US Producer Price Index (PPI) has shown unexpected movements, causing ripples in the stock market. Gold being bought is a typical pattern of investors fleeing risky assets. Bitcoin is also being pulled into this trend, with movements that negate last week's gains.

The current market environment is complex. In addition to the increasing correlation between Bitcoin and US stocks, concerns about inflation and reactions to US economic data have become more sensitive. It is no surprise that PPI-related figures are attracting attention amid this situation.

The rise in gold indicates that market participants are seeking safe assets. Bitcoin is also considered a risk asset, but it has become less independent in its price movements as before. In periods of rising macro risks, such correlations tend to become more pronounced.

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