Analysts predict that Bitcoin will continue to weaken relative to US stocks, and a short-term rotation of funds is unlikely.

Crypto analyst Benjamin Cowen stated that Bitcoin's current downtrend may not end as quickly as some holders expect. "Bitcoin will likely continue to underperform relative to the stock market," Cowen pointed out in a video on Thursday. He believes market expectations of a large-scale rotation of funds from precious metals like gold and silver to crypto assets may be overly optimistic. Precious metal prices have been consistently strong recently. Data shows that gold and silver prices have risen to all-time highs of $5,608.33 and $121.64 respectively. Citigroup further predicts that silver may rise to $150 in the next three months, driven by Chinese demand and a four-year low for the dollar. However, Cowen believes that a short-term rotation of funds to Bitcoin is "unlikely to happen." While many in the crypto market believe that new highs in precious metals often foreshadow a subsequent Bitcoin rally, he emphasizes that the current cyclical structure does not support this assessment. As of press time, Bitcoin was trading at $82,859, down 7.78% in the past seven days. Meanwhile, market sentiment continued to weaken, with the crypto fear and greed index falling to 16, placing it in the "extreme fear" zone. (CoinTelegraph)