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For the first time since the 2022 FTX collapse, Bitcoin is showing its weakest correlation with equities.
Last 6 months performance 👇
• 🟡 Gold: +51%
• 🔵 S&P 500: +7%
• 🟢 Bitcoin: –43%
While traditional markets grind higher and gold rips as a safe-haven asset, Bitcoin has been under heavy pressure.
This tells us something important:
$BTC isn’t just moving as a “tech stock proxy” right now.
It’s trading on its own liquidity cycle.
When correlation drops, volatility usually rises.
#BitcoinBouncesBack