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Bitcoin has never tracked gold this closely. For the past two and a half years, it traded more like a tech stock. That relationship has flipped. BTC’s correlation with gold is now 0.55, an 11-year high. Its correlation with the Nasdaq is just 0.32. Since Jan 2024, those averages were 0.11 and 0.38, respectively. The catch is duration. This shift is only 18 trading days old, too short to call a regime change. For now, BTC is trading more like a hard asset than a tech proxy. #DailyOrbit