Things have changed for BTC, or have they?
Did ppl notice?
$BTC : ~36% drawdown
Other stocks: Near ATH
Correlation?
Lowest all year.
For months BTC was trading like the rest of the tech stocks.
Now it has started moving independently.
And the rest of the world?
To the untrained eye, it’s just weakness.
But it’s not. It’s separation.
A different asset. A different cycle.
