While the S&P 500 and Nasdaq keep grinding higher,
$BTC has quietly decoupled, with correlations hitting yearly lows. That’s not weakness, that’s Bitcoin trading on its own cycle again.
Short term pain, long term asymmetric upside.
At the same time, capital rotation is getting selective:
$BNB holding green, flipping $XRP, and showing real on-chain strength.
This market isn’t risk-on vs risk-off anymore.
It’s positioning.
And smart money is already adjusting.