$BTC ๐˜ฝ๐™ž๐™ฉ๐™˜๐™ค๐™ž๐™ฃ ๐™ž๐™จ ๐™ฃ๐™ค ๐™ก๐™ค๐™ฃ๐™œ๐™š๐™ง ๐™ฉ๐™ง๐™–๐™™๐™ž๐™ฃ๐™œ ๐™ž๐™ฃ ๐™ž๐™จ๐™ค๐™ก๐™–๐™ฉ๐™ž๐™ค๐™ฃ, ๐™–๐™ฃ๐™™ ๐™ฉ๐™๐™š ๐™˜๐™ค๐™ง๐™ง๐™š๐™ก๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™™๐™–๐™ฉ๐™– ๐™ข๐™–๐™ ๐™š๐™จ ๐™ฉ๐™๐™–๐™ฉ ๐™˜๐™ก๐™š๐™–๐™ง


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Its relationship with equities has stabilized around 0.4โ€“0.6 since 2020, while gold recently flipped sharply negative, breaking the old โ€œdigital goldโ€ narrative.

This shift lines up with ETF-driven flows, where BTC is increasingly positioned inside macro portfolios alongside risk assets. Bonds still show weak correlation, so Bitcoin is not a hedge there either.

BTC now reacts to liquidity, rates, and risk appetite the same way equities do, at least for this phase of the cycle.

ยฉ Coinglass

.#BitcoinFallsBelow80K
BTC0.44%
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