The era of Bitcoin dominance is officially over, and the "digital gold" zealots are in total denial.

Take a cold, hard look at the ratio of Bitcoin relative to Semiconductors. This isn't just a dip; it’s a systematic dismantling of the narrative. While the "moon boys" were waiting for a breakout, capital was quietly abandoning the speculative ghost of BTC for the tangible, industrial powerhouse of the S&P 500 Semis.

We are currently sitting at levels not seen since the 2023 lows, having completely collapsed from the April 2025 peak. The trend is screaming one thing: the market no longer views Bitcoin as the ultimate high-beta play. If you’re still holding $BTC expecting it to outperform the backbone of the AI and tech revolution, you aren’t trading—you’re praying.

The smart money moved into chips while you were busy laser-eyeing your profile picture. Is Bitcoin becoming a secondary relic, or are you brave enough to catch this falling knife? 📉