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🚨 $BTC is becoming increasingly uncorrelated with traditional risk assets. Over the past six months, Bitcoin has shown lower correlation with U.S. equities than gold, small caps, emerging markets, and even Treasuries, according to Bloomberg Intelligence’s Eric Balchunas. That’s a notable regime shift: $BTC is increasingly trading on its own liquidity, scarcity and crypto-native demand drivers rather than simply behaving like a high-beta tech asset. $BTC $ETH