After moving in tandem with the stock market earlier this year, Bitcoin has now entered a corrective phase and clearly decoupled. While major stock indices such as the S&P 500, Dow Jones, and Nasdaq continue to trend higher in the second half of the year, BTC has weakened significantly and recorded a sharp drawdown. This divergence suggests that capital is rotating away from high-risk assets like crypto back into equities, reflecting a shift in overall investor risk appetite. This development ultimately raises an important question: has Bitcoin officially entered a downtrend?

BTCUSDT

Perp

85,731.3

-3.43%

ETHUSDT

Perp

2,941.82

-4.55%

BNBUSDT

Perp

844.23

-4.48%