BTC at $76.3k, ETH holding $2.3k — crypto's moving independent of traditional markets right now.

SPX flat, zero correlation. This decoupling phase usually means either:

• Crypto-specific capital rotation (likely stablecoin inflows)

• Risk-on sentiment isolated to digital assets

• Pre-ETF positioning or macro hedge flows

Watch for recoupling when Fed data drops. For now, crypto's running its own playbook.