BTC rally is altcoin risk-on. And BTC has definitely behaved like a safe haven multiple times now. There is lot of institutional interest in it and may that is why it is behaving like safe haven.

The world should react soon, may be since equities are following Central Bank action, may be Central banks will react before equity markets wake up but it could definitely be a case of, as you said, "it was bigger than we thought".

Posted via Steemleo