Glassnode data shows $BTC has diverged -25% against the S&P 500.
Translation: Bitcoin's been bleeding relative to TradFi equities. Macro correlation breaking down or just temporary weakness?
Watch this divergence—if it widens, risk-off sentiment could drag alts harder. If it closes, we might see a relief bounce.
Keep an eye on liquidity flows and Fed signals. This gap doesn't last forever.
Translation: Bitcoin's been bleeding relative to TradFi equities. Macro correlation breaking down or just temporary weakness?
Watch this divergence—if it widens, risk-off sentiment could drag alts harder. If it closes, we might see a relief bounce.
Keep an eye on liquidity flows and Fed signals. This gap doesn't last forever.