A massive one-day wipeout in the US stock market is sending shockwaves across global financial markets — and according to Bitget CEO Gracy Chen, it could be accelerating a major shift in how investors think about risk. Interestingly, Bitcoin is beginning to stand out in this changing environment.
More than $1 trillion in market value vanished from US equities in a single trading session, marking one of the sharpest sell-offs in recent times. The drop comes amid rising concerns over inflation, geopolitical tensions, and renewed tariff policies under President Donald Trump’s second term — all of which are putting pressure on global markets.
Gracy Chen believes this isn’t just another routine dip. Instead, she says it reflects a broader “reassessment of macro risks” happening at a much faster pace. As oil prices climb and geopolitical conflicts intensify, their effects are no longer limited to specific sectors — they are now influencing how global capital is allocated across markets.
While traditional markets struggled, Bitcoin (BTC) showed relative strength. As of Friday morning, the cryptocurrency was trading near $66,500, down about 4% on the day. Even with this decline, it performed better than many major stock indices, suggesting a shift in how investors perceive the asset.
Chen highlighted that Bitcoin’s recent behavior signals a deeper change. Unlike previous market downturns where crypto assets faced steep crashes, this time Bitcoin’s decline has been more controlled. One major reason for this, she noted, is the significant drop in leverage across the crypto market. Lower leverage means fewer forced liquidations, which typically worsen price drops during periods of high volatility.
She also emphasized that the current market movement is being driven more by macroeconomic conditions than by crypto-specific issues. Investors are now navigating a complex mix of rising energy costs, persistent inflation, and geopolitical instability — factors that are reshaping investment strategies across the board.
Despite warning that Bitcoin will likely remain volatile in the short term, Chen pointed out that its resilience during this period is notable. The cryptocurrency is increasingly being viewed not just as a high-risk asset, but as a more balanced or “neutral” component within diversified portfolios.
This shift comes as investors rotate between different asset classes like equities, gold, and crypto in response to ongoing economic uncertainty. Since Trump’s second inauguration, US markets have reportedly lost around $9.6 trillion in value, highlighting the scale of the current downturn.
In contrast, Bitcoin has managed to recover from multiple short-term dips of 1% to 5%, reinforcing its evolving role in today’s macro-driven market landscape.
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