🚨BTC and ETH, seem to be starting to "not follow the US stock market anymore"? Alpine Fox founder Mike Alfred recently stated that now Bitcoin and Ethereum are gradually showing signs of "decoupling" from the U.S. stock market. 📊 Many people attribute the reasons to the Clarity Act, changes in ETF funds, or actions by trading platforms. But he believes the core reason is actually very simple: 👉 The current valuations of BTC and ETH are still relatively low; 👉 while many U.S. tech stocks have already been driven to clearly overvalued levels. What does this mean? 👀 Over the past two years, the crypto market has been driven by the sentiment of the U.S. stock market—when Nasdaq rises, BTC rises; when Nasdaq falls, the crypto market crashes together. But now, the market is beginning to reprice itself. ⚠️📈 On the positive side: if BTC and ETH truly break out into independent trends, it indicates that capital is starting to treat crypto assets as a separate major asset class, rather than just a substitute for "high-risk tech stocks." Especially as institutional investments continue, ETFs exist, and regulations become clearer, the maturity of the crypto market is improving. 📉 But risks also exist: this "decoupling" is still unstable. As long as macro liquidity deteriorates and the dollar continues to strengthen, risk assets could still be pressured simultaneously. Moreover, many altcoins have not truly detached from the influence of the U.S. stock market. The current market has entered a new phase: not all coins will rise, and capital will increasingly concentrate into assets with genuine consensus, liquidity, and institutional attention. 🔥