Bitcoin Defies Risk Asset Sell-Off with Relatively Strong Price Hold

Despite a recent wave of selling across risk assets, Bitcoin's price has been holding up relatively well. BTC is currently trading near $65,500 after briefly dipping to $64,600 intraday.

The relative resilience of the price comes as investors have been trimming their exposure to growth and technology stocks, leading to a decline in market value. However, this trend has not yet translated into a significant drop in Bitcoin's price.

One reason for this is that margin-related selling has added pressure to the market, with some traders liquidating BTC to meet collateral calls. Additionally, weakness in major technology stocks has weighed on market sentiment, making institutional investors more cautious and affecting demand for crypto.