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I used to think $BTC traded like a tech stock tied closely to Nasdaq and risk-on sentiment. But the recent data tells a different story. BTC’s correlation with gold is strengthening, while its Nasdaq relationship is fading. That makes the bigger question: Is BTC becoming “digital gold” or is this just temporary capital rotation? I’m watching gold and the US dollar closely. If gold weakens and BTC follows, that linkage could tell us a lot about where BTC really belongs. $XAU $DYDX