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Mike Alfred: BTC and ETH are showing a decoupling trend from the US stock market, mainly due to valuation differences rather than specific news
Golden Finance reports that on May 11th, Alpine Fox LP founder and managing partner Mike Alfred tweeted that BTC and ETH are currently showing a trend of decoupling from the US stock market. Many people attribute this to specific news such as the Clarity Act and trading behaviors on certain exchanges, but the fundamental reason is simpler: BTC and ETH are currently undervalued, while many US stocks are overvalued.