Analysis: Large-scale capital outflows from the fixed-income market may be a medium-term positive for Bitcoin.

CoinFeed reported on May 17th, citing Cointelegraph, that Bitcoin recently fell below $79,000, after encountering significant selling pressure near $82,000. Market analysts believe that BTC's current price action is highly correlated with the US small-cap stock index, indicating that it is still viewed as a "risk asset" rather than a safe-haven asset. The analysis points out that escalating tensions in Iran, rising oil prices, and concerns about a global economic recession are continuously dampening market risk appetite. Meanwhile, the recent negative funding rates for Bitcoin perpetual contracts indicate a significant lack of demand for leveraged long positions, with traders remaining cautious about short-term gains. However, the report suggests that in the medium term, large-scale outflows from the fixed-income market may actually benefit BTC.