Ray Dalio Questions Bitcoin's Hedge Status
Bitcoin (BTC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Ray Dalio has questioned Bitcoin’s role as a hedge, noting that the debate regarding BTC's status is far from over. The outlet asks whether Bitcoin is missing key qualities of traditional hedges or if its unique supply and adoption dynamics could make it the next major store of value. The source also mentions that BITUNIX offers trading for top coins. The article concludes by inviting readers to get crypto news and market alerts directly to their device for free without sign-up.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 26 September 2026. Not the outlet's figures.
Bitcoin is trading at $84,099.99 with a 1-hour buy ratio of 65.1%, indicating strong short-term buying pressure compared to the 52.7% ratio over the past 4 hours. This short-term buying intensity contrasts sharply with the 24-hour buy ratio of 47.3%, suggesting that recent momentum has shifted toward sellers over the longer timeframe. The 1-hour volume delta is positive at +$7,093,173, showing net inflows, while the 24-hour volume delta is negative at -$81,164,253, reflecting significant net outflows over the day. The cumulative volume delta (CVD) for the 24-hour close sits at -$36,747,647, confirming that selling pressure has outweighed buying pressure throughout the day. Despite this, spot volume reached $1,520,256,979 with 2,848,596 trades, and net buying occurred for only 10 of the 24 hours.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.6%, meaning the current 24-hour ratio of 47.3% is slightly below the weekly norm by 2.2 points. Volume over the last 24 hours was at 0.91x the weekly average, indicating a quieter trading session than usual. While the price rose 4.0% over eight days, the total volume delta for that period was -$203,076,671, showing that net selling dominated the week despite the price gain. Net buying was recorded on only 3 of the 7 days, highlighting inconsistent buying interest. This day represents a continuation of the weekly trend where volume and net flows have been subdued relative to the price increase.