Bitcoin holds $70,000, starting to show relative strength versus stocks, software sector, and gold

Bitcoin has risen 7% from Sunday's lows and is holding above $70,000, demonstrating relative strength compared to equities and gold which remain flat. Analysts attribute this performance to seller exhaustion, changing correlation patterns with gold, and improving ETF flows.

• →Bitcoin is up 7% from Sunday lows while maintaining the $70,000 level.
• →Bitcoin is showing relative outperformance versus stocks, software sector, and gold.
• →Equities and gold are currently treading water with minimal movement.
• →Analysts cite seller exhaustion as a factor supporting Bitcoin's strength.
• →Improving ETF flows and shifting gold correlation patterns are contributing to the positive momentum.