Bitcoin’s Rebellion: No Longer a Stock Pal!

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In the shadow of the 2022 FTX collapse, Bitcoin has slipped away from the stock market’s grasp, much like a wayward son fleeing a troubled home. The digital gold, once a loyal companion to the S&P 500, now walks a lonely path, its steps echoing through the corridors of the financial world.

Bitcoin’s Defiance Against the S&P 500

In a recent missive on X, Santiment paints a picture of Bitcoin’s journey, a tale of descent and divergence. The once-mighty crypto titan, now down 43% from its six-month peak, has traded its former glory for a quiet, sullen existence. While the S&P 500 dances in the light, Bitcoin weeps in the shadows, its price a wounded bird plummeting from the sky.

For years, Bitcoin danced in step with the stock market, a waltz of shared fortunes. But now, the dance has ceased, and Bitcoin treads a different path. “Bitcoin has sharply underperformed while traditional markets have remained stable,” Santiment quips, as if watching a child throw a tantrum in a ballroom.

The correlation between Bitcoin and the S&P 500, once a tight embrace, has now gone cold. This is the weakest link since 2022, a fracture in the once-solid foundation. The last rebellion was brief, but this one lingers, like a persistent drought in a land of plenty.

Now, the question looms: Will Bitcoin’s defiance last? Santiment, ever the skeptic, suggests history repeats itself. “When an asset breaks away, it rarely stays disconnected forever,” they murmur, like a prophet warning of the coming storm.

The S&P 500 is not the only one Bitcoin has left behind; gold, too, has felt the chill of its indifference. Once hailed as the digital counterpart to the yellow metal, Bitcoin now walks a divergent path, its relationship a tale of unmet expectations.

In a post on X, Ki Young Ju, the sage of CryptoQuant, shares data that tells a story of shifting tides. The graph, a silent witness, reveals a tale of positive correlation turning to negative-a love turned to disdain. “Bitcoin is in a ‘not digital gold’ period,” Ju declares, as if announcing the end of an era.

BTC Price

As the clock ticks, Bitcoin hovers near $66,000, a flickering candle in a storm. Down 2% this week, it’s the financial world’s equivalent of a tired sigh, a reminder that even the boldest ventures can falter.

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2026-02-26 13:11