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Mike Alfred: BTC and ETH Show Decoupling Trend from US Stocks, Driven by Valuation Differences Rather than Specific News
On May 11, Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted that BTC and ETH are currently showing a trend of decoupling from US stocks. Many attribute this to specific news such as the Clarity Act or trading behaviors of certain platforms, but the fundamental reason is simpler: BTC and ETH are currently undervalued, while many US stocks are overvalued.