<\/p>\n
Bitget CEO Gracy Chen says a $1t single\u2011day US stock wipeout is accelerating a global macro risk reset, while lower leverage helps Bitcoin act more like a neutral portfolio allocation than a pure risk punt.<\/p>\n
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In the wake of a sharp US equity selloff that erased more than $1 trillion in market value in a single session, Bitget CEO Gracy Chen says the rout is forcing investors to reprice macro risk at a much faster clip while Bitcoin (BTC) is starting to behave more like a neutral, portfolio-level allocation than a pure risk-on punt. According to ChainCatcher, the CEO\u2019s remarks are the latest on top of a broader drawdown that has already knocked trillions off US benchmarks since President Donald Trump\u2019s second-term tariff agenda reignited inflation fears and hit tech-heavy names. As of Friday morning, Bitcoin was trading around $66,500, down roughly 4% on the day but still outpacing major stock indices on a relative basis.<\/p>\n
Chen argued that the current move is less about idiosyncratic crypto stress and more about global portfolios digesting a new regime of higher energy prices, stickier inflation, and geopolitical conflict spilling over into capital allocation decisions. \u201cThis round of adjustment reflects that global markets are reassessing macro risks at a faster pace,\u201d she said, adding that as oil spikes again, \u201cthe impact of geopolitical changes is no longer limited to the energy market but is beginning to more directly affect global capital allocation.\u201d The comment comes as strategists at Bloomberg and elsewhere flag how renewed tariff salvos and conflict risk have turned the post-2024 equity boom into what one Bloomberg analysis called a \u201c$1 trillion wreckage,\u201d even as Bitcoin\u2019s institutional scaffolding has largely held.<\/p>\n
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Despite warning that Bitcoin will \u201cstill maintain high volatility in the short term,\u201d Chen highlighted that the asset\u2019s behavior this week has been \u201crelatively robust\u201d compared with previous episodes when risk appetite collapsed. She pointed to a sharp reduction in derivatives leverage as a key reason: \u201cThe overall leverage in the crypto market has significantly decreased, thereby limiting the scale of forced liquidations that typically amplify downward pressure during market stress.\u201d That fits with recent flows data showing Bitcoin spot ETFs have seen bouts of outflows but not the kind of capitulation that marked prior crashes, while Bitget\u2019s own protection and risk systems have been tightened as volatility climbed.<\/p>\n
For Chen, the resilience is sending a signal about how Bitcoin is being used. \u201cIn an increasingly fragmented macro environment, Bitcoin is starting to be viewed by some portfolios as a more neutral allocation choice,\u201d she said. That echoes her earlier comments that recent drawdowns are \u201ctightly linked to the macro cycle,\u201d with investors rotating between crypto, equities, and gold as they navigate Trump\u2019s tariff-led policy shock and rising odds of a US recession. According to a recent crypto.news story, US markets have wiped out $9.6 trillion in value since Trump\u2019s second inauguration, even as Bitcoin has repeatedly bounced after single-day drops of 1%\u20135%, underlining its evolving role in a world where macro risk is now the dominant driver of asset prices.<\/p>\n
In earlier coverage, crypto.news detailed how a previous wave of selling erased $1.1 trillion from digital assets in just 41 days as leverage cascades intensified the downside, a backdrop that makes today\u2019s more orderly drawdown stand out. Another recent story examined how the same tariff and inflation shock that hit tech stocks has rippled through crypto, while a separate report tracked how Bitcoin\u2019s price has stayed comparatively resilient even as US equity indices flirt with bear-market territory. For live market data on Bitcoin, readers can follow its price page on crypto.news, alongside dedicated pages for other major assets involved in these rotations, including Ethereum, XRP, Solana, and Dogecoin.<\/p>\n
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