Bitget CEO Gracy Chen says a $1 trillion single-day US equity wipeout is accelerating a global reassessment of macro risks, while Bitcoin’s smaller drawdowns and reduced leverage are helping it behave more like a neutral portfolio allocation than a pure risk-on bet.
Summary
– Over $1 trillion was erased from US stocks in one session as risk assets sold off.
– Chen says the move has hastened a global reassessment of macro risks.
– Bitcoin’s smaller drawdown and lower leverage suggest it’s becoming a neutral allocation.
Following a sharp US equity selloff that removed more than $1 trillion in market value in one day, Chen said the rout is prompting investors to reprice macro risk more quickly. She noted Bitcoin’s relative resilience this week—trading around $66,500 and down roughly 4% on the day—has outpaced major stock indices on a relative basis.
Chen emphasized that this episode is less about idiosyncratic crypto stress and more about global portfolios adjusting to higher energy prices, stickier inflation, and geopolitical conflict spilling into capital allocation decisions. “This round of adjustment reflects that global markets are reassessing macro risks at a faster pace,” she said, adding that oil spikes mean geopolitical shifts now more directly affect capital allocation beyond the energy market.
Despite warning that Bitcoin will “still maintain high volatility in the short term,” Chen highlighted that the asset’s behavior has been “relatively robust” compared with past risk-off episodes. She pointed to a sharp reduction in derivatives leverage as a key factor: lower overall leverage in crypto limits forced liquidations that typically amplify downward pressure during stress. That aligns with data showing Bitcoin spot ETFs have experienced outflows but not the kind of capitulation seen in prior crashes, while Bitget has tightened protection and risk systems as volatility rose.
Chen argued the resilience signals a changing use-case for Bitcoin. “In an increasingly fragmented macro environment, Bitcoin is starting to be viewed by some portfolios as a more neutral allocation choice,” she said. She tied recent drawdowns to the broader macro cycle, with investors rotating among crypto, equities, and gold as they respond to tariff-led policy shocks and rising recession risks. Reports have highlighted that US markets have lost trillions since renewed tariff measures and other policy shifts, even as Bitcoin has bounced after single-day drops of 1%–5%, underscoring its evolving role amid dominant macro drivers.
Earlier coverage noted how a prior wave of selling erased $1.1 trillion from digital assets in 41 days as leverage cascades intensified losses, a contrast to the current, more orderly drawdown. Other analyses have tracked how tariff and inflation shocks that hit tech stocks have also rippled through crypto, while Bitcoin’s relative resilience has been observed even as US equity indices flirt with bear-market territory.
For ongoing price updates, crypto.news and other market pages track Bitcoin and major assets involved in these rotations, including Ethereum, XRP, Solana, and Dogecoin.