Matrixport: It is expected that Bitcoin will generally follow the stock market trend on tariff day, and traders may pay attention to equity options

Matrixport released a chart today stating that despite the continuous adjustment of the stock market, Bitcoin's performance has been relatively stable, which may be attributed to lower market activity. The current funding rate is just slightly above zero, and retail trading volume has fallen back to its summer 2024 low point.
Even if today's tariff policy announcement may cause some fluctuations, Bitcoin is expected to generally follow the trend of the stock market. Given the current market position situation, there is a low possibility for Bitcoin to have a significant Beta response.
Therefore, in terms of hedging needs, Bitcoin traders might find better options in equity options as after all, implied volatility of Bitcoin remains much higher than that of the stock market.