<p>Ch&agrave;o m&#7915;ng b&#7841;n &#273;&#7871;n v&#7899;i B&#7843;n tin Bu&#7893;i s&aacute;ng v&#7873; ti&#7873;n &#273;i&#7879;n t&#7917; t&#7841;i M&#7929;&mdash;c&#7853;p nh&#7853;t nh&#7919;ng di&#7877;n bi&#7871;n quan tr&#7885;ng nh&#7845;t trong ng&agrave;nh ti&#7873;n &#273;i&#7879;n t&#7917; cho ng&agrave;y h&ocirc;m nay.</p>
<p>H&atilde;y c&#7847;m ly c&agrave; ph&ecirc; l&ecirc;n khi th&#7883; tr&#432;&#7901;ng &#273;ang s&ocirc;i &#273;&#7897;ng v&#7899;i nh&#7919;ng t&iacute;n hi&#7879;u tr&aacute;i chi&#7873;u. Nh&#7919;ng c&aacute;i t&ecirc;n l&#7899;n nh&#7845;t Ph&#7889; Wall &#273;ang th&#7853;n tr&#7885;ng r&#7857;ng c&#7893; phi&#7871;u c&oacute; v&#7867; &#273;ang b&#7883; &#273;&#7849;y l&ecirc;n qu&aacute; cao, trong khi &#273;&#7897;ng l&#7921;c c&#7911;a Bitcoin so v&#7899;i c&aacute;c ch&#7881; s&#7889; l&#7899;n &#273;ang phai nh&#7841;t, khi&#7871;n nh&agrave; &#273;&#7847;u t&#432; t&#7921; h&#7887;i li&#7879;u c&oacute; m&#7897;t giai &#273;o&#7841;n l&#7863;ng l&#7869; &#273;ang di&#7877;n ra kh&ocirc;ng.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-crypto-news-of-the-day-wall-street-sees-full-not-cheap-valuations-as-a-10-15-correction-looms">Tin t&#7913;c Crypto trong ng&agrave;y: Wall Street nh&#7853;n th&#7845;y &#273;&#7883;nh gi&aacute; &ldquo;&#272;&#7847;y &#273;&#7911;, kh&ocirc;ng r&#7867;&rdquo; khi d&#7921; b&aacute;o &#273;i&#7873;u ch&#7881;nh 10-15%</h2>

<p>Nh&#7919;ng c&aacute;i t&ecirc;n l&#7899;n nh&#7845;t Ph&#7889; Wall &#273;ang l&ecirc;n ti&#7871;ng c&#7843;nh b&aacute;o v&#7873; th&#7883; tr&#432;&#7901;ng qu&aacute; n&oacute;ng. Bloomberg b&aacute;o c&aacute;o r&#7857;ng David Solomon c&#7911;a Goldman Sachs, Ted Pick c&#7911;a Morgan Stanley, v&agrave; Ken Griffin c&#7911;a Citadel d&#7921; ki&#7871;n s&#7869; c&oacute; m&#7897;t s&#7921; &#273;i&#7873;u ch&#7881;nh 10-15% tr&ecirc;n c&#7893; phi&#7871;u trong v&ograve;ng 12-24 th&aacute;ng t&#7899;i. Theo h&#7885;, &#273;&acirc;y s&#7869; l&agrave; m&#7897;t s&#7921; &#273;i&#7873;u ch&#7881;nh &ldquo;l&agrave;nh m&#7841;nh&rdquo; sau m&#7897;t &#273;&#7907;t t&#259;ng k&eacute;o d&agrave;i.</p>
<p>CEO c&#7911;a Capital Group, Mike Gitlin, c&#361;ng chia s&#7867; c&ugrave;ng quan &#273;i&#7875;m, n&oacute;i r&#7857;ng d&ugrave; l&#7907;i nhu&#7853;n doanh nghi&#7879;p v&#7851;n m&#7841;nh, &#273;&#7883;nh gi&aacute; &#273;&atilde; &#273;&#7841;t m&#7913;c &ldquo;&#273;&#7847;y &#273;&#7911;, kh&ocirc;ng c&ograve;n r&#7867;&rdquo;.</p>
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<p>&ldquo;&#272;i&#7873;u th&aacute;ch th&#7913;c l&agrave; &#273;&#7883;nh gi&aacute;,&rdquo; &ocirc;ng <a href="https://www.bloomberg.com/news/articles/2025-11-04/wall-street-ceos-warn-of-market-pullback-from-rich-valuations#selection-1475.0-1531.88" target="_blank" rel="noreferrer noopener nofollow">n&oacute;i</a> t&#7841;i m&#7897;t h&#7897;i ngh&#7883; t&agrave;i ch&iacute;nh &#7903; H&#7891;ng K&ocirc;ng do C&#417; quan Ti&#7873;n t&#7879; c&#7911;a th&agrave;nh ph&#7889; t&#7893; ch&#7913;c.</p>
</blockquote>

<p>Gitlin &#273;&atilde; l&#432;u &yacute; r&#7857;ng <a href="https://vn.beincrypto.com/tom-lee-sp500-november-forecast/" target="_blank" rel="noreferrer noopener">S&amp;P 500</a> hi&#7879;n &#273;ang giao d&#7883;ch &#7903; m&#7913;c 23 l&#7847;n l&#7907;i nhu&#7853;n d&#7921; ki&#7871;n, cao h&#417;n m&#7913;c trung b&igrave;nh 5 n&#259;m l&agrave; 20 l&#7847;n. &Ocirc;ng cho r&#7857;ng &#273;i&#7873;u n&agrave;y b&aacute;o hi&#7879;u r&#7857;ng c&aacute;c ph&#7847;n b&ugrave; r&#7911;i ro &#273;&atilde; b&#7883; n&eacute;n l&#7841;i ngay c&#7843; khi ch&iacute;nh s&aacute;ch kh&ocirc;ng ch&#7855;c ch&#7855;n v&#7851;n t&#7891;n t&#7841;i.</p>
<p>Gitlin cho bi&#7871;t th&ecirc;m, h&#7847;u h&#7871;t c&aacute;c nh&agrave; &#273;&#7847;u t&#432; s&#7869; &#273;&#7891;ng &yacute; r&#7857;ng th&#7883; tr&#432;&#7901;ng &#273;ang &#7903; m&#7913;c &ldquo;gi&#7919;a c&ocirc;ng b&#7857;ng v&agrave; &#273;&#7847;y &#273;&#7911;&rdquo;, nh&#432;ng r&#7845;t &iacute;t ng&#432;&#7901;i s&#7869; n&oacute;i r&#7857;ng n&oacute; &ldquo;gi&#7919;a r&#7867; v&agrave; c&ocirc;ng b&#7857;ng&rdquo;. C&aacute;c bi&ecirc;n ch&ecirc;nh l&#7879;nh t&iacute;n d&#7909;ng &#273;ang theo m&#7897;t m&ocirc; h&igrave;nh t&#432;&#417;ng t&#7921;, v&#7899;i s&#7913;c m&#7841;nh &#273;&#7883;nh gi&aacute;, nh&#432;ng kh&ocirc;ng cung c&#7845;p nhi&#7873;u bi&#7879;n ph&aacute;p &#273;&#7879;m ch&#7889;ng s&#7889;c.</p>
<img style="height:400px;width:640px;" decoding="async" alt="Wall Street Top CEOs on Valuations." class="wp-image-769362 lazy" loading="lazy" src="https://assets.beincrypto.com/img/4YVItGY2YNHDsZlhEykCA3UORSE=/smart/09aa71e458ac464fa14cdd464b18c64d">Wall Street v&agrave; c&aacute;c CEO v&#7873; &#273;&#7883;nh gi&aacute;.

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-crypto-mirrors-the-macro-bitcoin-weakens-against-s-amp-p-500">Ti&#7873;n &#273;i&#7879;n t&#7917; ph&#7843;n &aacute;nh y&#7871;u t&#7889; v&#297; m&ocirc;: Bitcoin suy y&#7871;u so v&#7899;i S&amp;P 500</h2>

<p>S&#7921; th&#7853;n tr&#7885;ng tr&ecirc;n Ph&#7889; Wall c&#361;ng &#273;ang lan sang th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;, khi s&#7921; suy y&#7871;u t&#432;&#417;ng &#273;&#7889;i c&#7911;a Bitcoin so v&#7899;i S&amp;P 500 (BTC/SPX) &#273;ang &#273;&#432;&#7907;c so s&aacute;nh <a href="https://vn.beincrypto.com/burry-buffett-market-risk-indicator/" target="_blank" rel="noreferrer noopener">v&#7899;i h&agrave;nh vi cu&#7889;i chu k&#7923; tr&#432;&#7899;c</a>.</p>
<p>Nh&agrave; ph&acirc;n t&iacute;ch ti&#7873;n &#273;i&#7879;n t&#7917; Brett nh&#7853;n th&#7845;y r&#7857;ng BTC/SPX &#273;ang ghi nh&#7853;n ba n&#7871;n li&ecirc;n ti&#7871;p n&#7857;m d&#432;&#7899;i &#273;&#432;&#7901;ng trung b&igrave;nh &#273;&#7897;ng &#273;&#417;n gi&#7843;n 50 tu&#7847;n, m&#7897;t m&#7913;c &#273;&atilde; h&#7895; tr&#7907; t&agrave;i s&#7843;n n&agrave;y trong c&aacute;c &#273;&#7907;t t&#259;ng gi&aacute; tr&#432;&#7899;c &#273;&acirc;y.</p>
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<p>&ldquo;Trong chu k&#7923; tr&#432;&#7899;c, Bitcoin b&#7855;t &#273;&#7847;u cho th&#7845;y s&#7921; y&#7871;u k&eacute;m so v&#7899;i SPX g&#7847;n cu&#7889;i chu k&#7923;,&rdquo; &ocirc;ng <a href="https://x.com/brett_eth/status/1985674637439877373" target="_blank" rel="noreferrer noopener nofollow">n&oacute;i</a>, c&#7843;nh b&aacute;o r&#7857;ng m&#7845;t m&#7913;c n&agrave;y c&oacute; th&#7875; b&aacute;o tr&#432;&#7899;c s&#7921; xoay chuy&#7875;n r&#7897;ng h&#417;n kh&#7887;i c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro.</p>
</blockquote>

<p>Brett c&#361;ng quan s&aacute;t th&#7845;y r&#7857;ng trong ba chu k&#7923; tr&#432;&#7899;c, khi Bitcoin &#273;&#7841;t &#273;&#7881;nh, S&amp;P 500 b&#432;&#7899;c v&agrave;o m&#7897;t giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh k&eacute;o d&agrave;i t&#7915; 750-850 ng&agrave;y, th&#432;&#7901;ng ki&#7875;m tra l&#7841;i m&#7913;c gi&aacute; tr&#432;&#7899;c &#273;&#7881;nh tr&#432;&#7899;c khi ti&#7871;p t&#7909;c xu h&#432;&#7899;ng &#273;i l&ecirc;n. N&#7871;u l&#7883;ch s&#7917; l&#7863;p l&#7841;i, th&#7883; tr&#432;&#7901;ng c&#7893; phi&#7871;u c&oacute; th&#7875; &#273;ang ti&#7871;n &#273;&#7871;n m&#7897;t &#273;i&#7875;m ngo&#7863;t t&#432;&#417;ng t&#7921;.</p>
<p>Trong khi &#273;&oacute;, <a href="https://vn.beincrypto.com/crypto-bitwises-ceo-hunter-horsley/" target="_blank" rel="noreferrer noopener">CEO c&#7911;a Bitwise, Hunter Horsley</a> g&#7907;i &yacute; r&#7857;ng d&#7921; &#273;o&aacute;n v&#7873; th&#7883; tr&#432;&#7901;ng g&#7845;u v&agrave;o n&#259;m 2026 c&oacute; th&#7875; &#273;&atilde; &ldquo;k&eacute;o tr&#432;&#7899;c&rdquo; nhi&#7873;u r&#7911;i ro suy gi&#7843;m.</p>
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<p>&ldquo;&#272;i&#7873;u g&igrave; s&#7869; x&#7843;y ra n&#7871;u ch&uacute;ng ta th&#7921;c s&#7921; &#273;&atilde; &#7903; trong th&#7883; tr&#432;&#7901;ng g&#7845;u trong ph&#7847;n l&#7899;n n&#259;m nay? Nh&#7919;ng &#273;i&#7873;u &#273;i&ecirc;n r&#7891; h&#417;n &#273;&atilde; t&#7915;ng x&#7843;y ra. Th&#7883; tr&#432;&#7901;ng &#273;ang thay &#273;&#7893;i,&rdquo; &ocirc;ng <a href="https://x.com/HHorsley/status/1985626726223716658" target="_blank" rel="noreferrer noopener nofollow">&#273;&#7863;t c&acirc;u h&#7887;i</a>.</p>
</blockquote>

<p>Khi c&#7893; phi&#7871;u ti&#7871;p c&#7853;n m&#7913;c &#273;&#7883;nh gi&aacute; k&#7927; l&#7909;c v&agrave; &#273;&#7897;ng l&#7921;c c&#7911;a Bitcoin dao &#273;&#7897;ng so v&#7899;i c&aacute;c ch&#7881; s&#7889; truy&#7873;n th&#7889;ng, c&#7843; hai th&#7883; tr&#432;&#7901;ng d&#432;&#7901;ng nh&#432; &#273;ang ti&#7871;n &#273;&#7871;n giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh gi&aacute; h&#417;n l&agrave; s&#7909;p &#273;&#7893;.</p>
<p>D&#7921;a tr&ecirc;n d&#7921; &#273;o&aacute;n c&#7911;a c&aacute;c CEO h&agrave;ng &#273;&#7847;u, gi&#7885;ng &#273;i&#7879;u c&#7911;a Ph&#7889; Wall l&agrave; th&#7853;n tr&#7885;ng nh&#432;ng kh&ocirc;ng ho&#7843;ng lo&#7841;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y r&#7857;ng trong khi l&ograve;ng tham r&#7911;i ro v&#7851;n cao, nh&agrave; &#273;&#7847;u t&#432; c&oacute; th&#7875; s&#7899;m &#432;u ti&ecirc;n c&aacute;c nguy&ecirc;n t&#7855;c c&#417; b&#7843;n h&#417;n l&agrave; s&#7921; h&#432;ng ph&#7845;n.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-chart-of-the-day">Bi&#7875;u &#273;&#7891; c&#7911;a ng&agrave;y</h2>

<img style="height:400px;width:640px;" decoding="async" alt="" class="wp-image-769364 lazy" loading="lazy" src="https://assets.beincrypto.com/img/PsH6qP1U1LQgoRobmOrcUkVzSsQ=/smart/f2eb83bcc5c94f80b64d2d7ef89c0fbd">Bitcoin vs S&amp;P 500. Ngu&#7891;n: <a href="https://www.tradingview.com/x/TNvXQv89/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-byte-sized-alpha">Byte-Sized Alpha</h2>

<p>D&#432;&#7899;i &#273;&acirc;y l&agrave; t&oacute;m t&#7855;t c&aacute;c tin t&#7913;c ti&#7873;n &#273;i&#7879;n t&#7917; t&#7841;i M&#7929; kh&aacute;c &#273;&aacute;ng ch&uacute; &yacute; trong ng&agrave;y h&ocirc;m nay:</p>


Các CEO hàng đầu cảnh báo thị trường định giá quá cao khi Bitcoin suy yếu so với S&P 500 | US Crypto News

<p>Ch&agrave;o m&#7915;ng b&#7841;n &#273;&#7871;n v&#7899;i B&#7843;n tin Bu&#7893;i s&aacute;ng v&#7873; ti&#7873;n &#273;i&#7879;n t&#7917; t&#7841;i M&#7929;&mdash;c&#7853;p nh&#7853;t nh&#7919;ng di&#7877;n bi&#7871;n quan tr&#7885;ng nh&#7845;t trong ng&agrave;nh ti&#7873;n &#273;i&#7879;n t&#7917; cho ng&agrave;y h&ocirc;m nay.</p>
<p>H&atilde;y c&#7847;m ly c&agrave; ph&ecirc; l&ecirc;n khi th&#7883; tr&#432;&#7901;ng &#273;ang s&ocirc;i &#273;&#7897;ng v&#7899;i nh&#7919;ng t&iacute;n hi&#7879;u tr&aacute;i chi&#7873;u. Nh&#7919;ng c&aacute;i t&ecirc;n l&#7899;n nh&#7845;t Ph&#7889; Wall &#273;ang th&#7853;n tr&#7885;ng r&#7857;ng c&#7893; phi&#7871;u c&oacute; v&#7867; &#273;ang b&#7883; &#273;&#7849;y l&ecirc;n qu&aacute; cao, trong khi &#273;&#7897;ng l&#7921;c c&#7911;a Bitcoin so v&#7899;i c&aacute;c ch&#7881; s&#7889; l&#7899;n &#273;ang phai nh&#7841;t, khi&#7871;n nh&agrave; &#273;&#7847;u t&#432; t&#7921; h&#7887;i li&#7879;u c&oacute; m&#7897;t giai &#273;o&#7841;n l&#7863;ng l&#7869; &#273;ang di&#7877;n ra kh&ocirc;ng.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-crypto-news-of-the-day-wall-street-sees-full-not-cheap-valuations-as-a-10-15-correction-looms">Tin t&#7913;c Crypto trong ng&agrave;y: Wall Street nh&#7853;n th&#7845;y &#273;&#7883;nh gi&aacute; &ldquo;&#272;&#7847;y &#273;&#7911;, kh&ocirc;ng r&#7867;&rdquo; khi d&#7921; b&aacute;o &#273;i&#7873;u ch&#7881;nh 10-15%</h2>

<p>Nh&#7919;ng c&aacute;i t&ecirc;n l&#7899;n nh&#7845;t Ph&#7889; Wall &#273;ang l&ecirc;n ti&#7871;ng c&#7843;nh b&aacute;o v&#7873; th&#7883; tr&#432;&#7901;ng qu&aacute; n&oacute;ng. Bloomberg b&aacute;o c&aacute;o r&#7857;ng David Solomon c&#7911;a Goldman Sachs, Ted Pick c&#7911;a Morgan Stanley, v&agrave; Ken Griffin c&#7911;a Citadel d&#7921; ki&#7871;n s&#7869; c&oacute; m&#7897;t s&#7921; &#273;i&#7873;u ch&#7881;nh 10-15% tr&ecirc;n c&#7893; phi&#7871;u trong v&ograve;ng 12-24 th&aacute;ng t&#7899;i. Theo h&#7885;, &#273;&acirc;y s&#7869; l&agrave; m&#7897;t s&#7921; &#273;i&#7873;u ch&#7881;nh &ldquo;l&agrave;nh m&#7841;nh&rdquo; sau m&#7897;t &#273;&#7907;t t&#259;ng k&eacute;o d&agrave;i.</p>
<p>CEO c&#7911;a Capital Group, Mike Gitlin, c&#361;ng chia s&#7867; c&ugrave;ng quan &#273;i&#7875;m, n&oacute;i r&#7857;ng d&ugrave; l&#7907;i nhu&#7853;n doanh nghi&#7879;p v&#7851;n m&#7841;nh, &#273;&#7883;nh gi&aacute; &#273;&atilde; &#273;&#7841;t m&#7913;c &ldquo;&#273;&#7847;y &#273;&#7911;, kh&ocirc;ng c&ograve;n r&#7867;&rdquo;.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;&#272;i&#7873;u th&aacute;ch th&#7913;c l&agrave; &#273;&#7883;nh gi&aacute;,&rdquo; &ocirc;ng <a href="https://www.bloomberg.com/news/articles/2025-11-04/wall-street-ceos-warn-of-market-pullback-from-rich-valuations#selection-1475.0-1531.88" target="_blank" rel="noreferrer noopener nofollow">n&oacute;i</a> t&#7841;i m&#7897;t h&#7897;i ngh&#7883; t&agrave;i ch&iacute;nh &#7903; H&#7891;ng K&ocirc;ng do C&#417; quan Ti&#7873;n t&#7879; c&#7911;a th&agrave;nh ph&#7889; t&#7893; ch&#7913;c.</p>
</blockquote>

<p>Gitlin &#273;&atilde; l&#432;u &yacute; r&#7857;ng <a href="https://vn.beincrypto.com/tom-lee-sp500-november-forecast/" target="_blank" rel="noreferrer noopener">S&amp;P 500</a> hi&#7879;n &#273;ang giao d&#7883;ch &#7903; m&#7913;c 23 l&#7847;n l&#7907;i nhu&#7853;n d&#7921; ki&#7871;n, cao h&#417;n m&#7913;c trung b&igrave;nh 5 n&#259;m l&agrave; 20 l&#7847;n. &Ocirc;ng cho r&#7857;ng &#273;i&#7873;u n&agrave;y b&aacute;o hi&#7879;u r&#7857;ng c&aacute;c ph&#7847;n b&ugrave; r&#7911;i ro &#273;&atilde; b&#7883; n&eacute;n l&#7841;i ngay c&#7843; khi ch&iacute;nh s&aacute;ch kh&ocirc;ng ch&#7855;c ch&#7855;n v&#7851;n t&#7891;n t&#7841;i.</p>
<p>Gitlin cho bi&#7871;t th&ecirc;m, h&#7847;u h&#7871;t c&aacute;c nh&agrave; &#273;&#7847;u t&#432; s&#7869; &#273;&#7891;ng &yacute; r&#7857;ng th&#7883; tr&#432;&#7901;ng &#273;ang &#7903; m&#7913;c &ldquo;gi&#7919;a c&ocirc;ng b&#7857;ng v&agrave; &#273;&#7847;y &#273;&#7911;&rdquo;, nh&#432;ng r&#7845;t &iacute;t ng&#432;&#7901;i s&#7869; n&oacute;i r&#7857;ng n&oacute; &ldquo;gi&#7919;a r&#7867; v&agrave; c&ocirc;ng b&#7857;ng&rdquo;. C&aacute;c bi&ecirc;n ch&ecirc;nh l&#7879;nh t&iacute;n d&#7909;ng &#273;ang theo m&#7897;t m&ocirc; h&igrave;nh t&#432;&#417;ng t&#7921;, v&#7899;i s&#7913;c m&#7841;nh &#273;&#7883;nh gi&aacute;, nh&#432;ng kh&ocirc;ng cung c&#7845;p nhi&#7873;u bi&#7879;n ph&aacute;p &#273;&#7879;m ch&#7889;ng s&#7889;c.</p>
<img style="height:400px;width:640px;"decoding="async" alt="Wall Street Top CEOs on Valuations." class="wp-image-769362 lazy" loading="lazy" src="https://assets.beincrypto.com/img/4YVItGY2YNHDsZlhEykCA3UORSE=/smart/09aa71e458ac464fa14cdd464b18c64d">Wall Street v&agrave; c&aacute;c CEO v&#7873; &#273;&#7883;nh gi&aacute;.

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-crypto-mirrors-the-macro-bitcoin-weakens-against-s-amp-p-500">Ti&#7873;n &#273;i&#7879;n t&#7917; ph&#7843;n &aacute;nh y&#7871;u t&#7889; v&#297; m&ocirc;: Bitcoin suy y&#7871;u so v&#7899;i S&amp;P 500</h2>

<p>S&#7921; th&#7853;n tr&#7885;ng tr&ecirc;n Ph&#7889; Wall c&#361;ng &#273;ang lan sang th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;, khi s&#7921; suy y&#7871;u t&#432;&#417;ng &#273;&#7889;i c&#7911;a Bitcoin so v&#7899;i S&amp;P 500 (BTC/SPX) &#273;ang &#273;&#432;&#7907;c so s&aacute;nh <a href="https://vn.beincrypto.com/burry-buffett-market-risk-indicator/" target="_blank" rel="noreferrer noopener">v&#7899;i h&agrave;nh vi cu&#7889;i chu k&#7923; tr&#432;&#7899;c</a>.</p>
<p>Nh&agrave; ph&acirc;n t&iacute;ch ti&#7873;n &#273;i&#7879;n t&#7917; Brett nh&#7853;n th&#7845;y r&#7857;ng BTC/SPX &#273;ang ghi nh&#7853;n ba n&#7871;n li&ecirc;n ti&#7871;p n&#7857;m d&#432;&#7899;i &#273;&#432;&#7901;ng trung b&igrave;nh &#273;&#7897;ng &#273;&#417;n gi&#7843;n 50 tu&#7847;n, m&#7897;t m&#7913;c &#273;&atilde; h&#7895; tr&#7907; t&agrave;i s&#7843;n n&agrave;y trong c&aacute;c &#273;&#7907;t t&#259;ng gi&aacute; tr&#432;&#7899;c &#273;&acirc;y.</p>
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<p>&ldquo;Trong chu k&#7923; tr&#432;&#7899;c, Bitcoin b&#7855;t &#273;&#7847;u cho th&#7845;y s&#7921; y&#7871;u k&eacute;m so v&#7899;i SPX g&#7847;n cu&#7889;i chu k&#7923;,&rdquo; &ocirc;ng <a href="https://x.com/brett_eth/status/1985674637439877373" target="_blank" rel="noreferrer noopener nofollow">n&oacute;i</a>, c&#7843;nh b&aacute;o r&#7857;ng m&#7845;t m&#7913;c n&agrave;y c&oacute; th&#7875; b&aacute;o tr&#432;&#7899;c s&#7921; xoay chuy&#7875;n r&#7897;ng h&#417;n kh&#7887;i c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro.</p>
</blockquote>

<p>Brett c&#361;ng quan s&aacute;t th&#7845;y r&#7857;ng trong ba chu k&#7923; tr&#432;&#7899;c, khi Bitcoin &#273;&#7841;t &#273;&#7881;nh, S&amp;P 500 b&#432;&#7899;c v&agrave;o m&#7897;t giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh k&eacute;o d&agrave;i t&#7915; 750-850 ng&agrave;y, th&#432;&#7901;ng ki&#7875;m tra l&#7841;i m&#7913;c gi&aacute; tr&#432;&#7899;c &#273;&#7881;nh tr&#432;&#7899;c khi ti&#7871;p t&#7909;c xu h&#432;&#7899;ng &#273;i l&ecirc;n. N&#7871;u l&#7883;ch s&#7917; l&#7863;p l&#7841;i, th&#7883; tr&#432;&#7901;ng c&#7893; phi&#7871;u c&oacute; th&#7875; &#273;ang ti&#7871;n &#273;&#7871;n m&#7897;t &#273;i&#7875;m ngo&#7863;t t&#432;&#417;ng t&#7921;.</p>
<p>Trong khi &#273;&oacute;, <a href="https://vn.beincrypto.com/crypto-bitwises-ceo-hunter-horsley/" target="_blank" rel="noreferrer noopener">CEO c&#7911;a Bitwise, Hunter Horsley</a> g&#7907;i &yacute; r&#7857;ng d&#7921; &#273;o&aacute;n v&#7873; th&#7883; tr&#432;&#7901;ng g&#7845;u v&agrave;o n&#259;m 2026 c&oacute; th&#7875; &#273;&atilde; &ldquo;k&eacute;o tr&#432;&#7899;c&rdquo; nhi&#7873;u r&#7911;i ro suy gi&#7843;m.</p>
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<p>&ldquo;&#272;i&#7873;u g&igrave; s&#7869; x&#7843;y ra n&#7871;u ch&uacute;ng ta th&#7921;c s&#7921; &#273;&atilde; &#7903; trong th&#7883; tr&#432;&#7901;ng g&#7845;u trong ph&#7847;n l&#7899;n n&#259;m nay? Nh&#7919;ng &#273;i&#7873;u &#273;i&ecirc;n r&#7891; h&#417;n &#273;&atilde; t&#7915;ng x&#7843;y ra. Th&#7883; tr&#432;&#7901;ng &#273;ang thay &#273;&#7893;i,&rdquo; &ocirc;ng <a href="https://x.com/HHorsley/status/1985626726223716658" target="_blank" rel="noreferrer noopener nofollow">&#273;&#7863;t c&acirc;u h&#7887;i</a>.</p>
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<p>Khi c&#7893; phi&#7871;u ti&#7871;p c&#7853;n m&#7913;c &#273;&#7883;nh gi&aacute; k&#7927; l&#7909;c v&agrave; &#273;&#7897;ng l&#7921;c c&#7911;a Bitcoin dao &#273;&#7897;ng so v&#7899;i c&aacute;c ch&#7881; s&#7889; truy&#7873;n th&#7889;ng, c&#7843; hai th&#7883; tr&#432;&#7901;ng d&#432;&#7901;ng nh&#432; &#273;ang ti&#7871;n &#273;&#7871;n giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh gi&aacute; h&#417;n l&agrave; s&#7909;p &#273;&#7893;.</p>
<p>D&#7921;a tr&ecirc;n d&#7921; &#273;o&aacute;n c&#7911;a c&aacute;c CEO h&agrave;ng &#273;&#7847;u, gi&#7885;ng &#273;i&#7879;u c&#7911;a Ph&#7889; Wall l&agrave; th&#7853;n tr&#7885;ng nh&#432;ng kh&ocirc;ng ho&#7843;ng lo&#7841;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y r&#7857;ng trong khi l&ograve;ng tham r&#7911;i ro v&#7851;n cao, nh&agrave; &#273;&#7847;u t&#432; c&oacute; th&#7875; s&#7899;m &#432;u ti&ecirc;n c&aacute;c nguy&ecirc;n t&#7855;c c&#417; b&#7843;n h&#417;n l&agrave; s&#7921; h&#432;ng ph&#7845;n.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-chart-of-the-day">Bi&#7875;u &#273;&#7891; c&#7911;a ng&agrave;y</h2>

<img style="height:400px;width:640px;"decoding="async" alt="" class="wp-image-769364 lazy" loading="lazy" src="https://assets.beincrypto.com/img/PsH6qP1U1LQgoRobmOrcUkVzSsQ=/smart/f2eb83bcc5c94f80b64d2d7ef89c0fbd">Bitcoin vs S&amp;P 500. Ngu&#7891;n: <a href="https://www.tradingview.com/x/TNvXQv89/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-byte-sized-alpha">Byte-Sized Alpha</h2>

<p>D&#432;&#7899;i &#273;&acirc;y l&agrave; t&oacute;m t&#7855;t c&aacute;c tin t&#7913;c ti&#7873;n &#273;i&#7879;n t&#7917; t&#7841;i M&#7929; kh&aacute;c &#273;&aacute;ng ch&uacute; &yacute; trong ng&agrave;y h&ocirc;m nay:</p>
