According to Wu, Bloomberg analyst James Seyffart expressed surprise at Bitcoin's resilience, as it remains above $80,000 amidst a sell-off in risk assets, with even gold declining. Adam Back, founder of Blockstream, mentioned that he has always felt this coupling of Bitcoin with traditional markets is artificial, possibly due to market makers artificially linking Bitcoin prices to other assets by exploiting the shortage of fiat currency liquidity in the Bitcoin market, a phenomenon that is particularly evident when the U.S. market opens.
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