$BTC dipped under $63k while the stock market printed new all-time highs. The divergence is wild — equities ripping while crypto bleeds. This disconnect shows capital is rotating into traditional risk assets, not flowing into digital assets yet. Liquidity is there, just not for us. Classic late-cycle behavior where institutions pile into stocks while crypto sits in the penalty box. The irony: people calling this the "worst bear market ever" when we're still 3x above 2020 lows. Perspective matters. Real bear markets take you down 80-90% and last years. This feels more like a consolidation phase where macro liquidity favors equities over crypto. When that rotation flips, it'll be violent. Until then, we're stuck watching stocks party while crypto sits at the kids' table.