Stunning debut! Bitcoin independent from the stock market, institutional frenzy pouring in, while retail investors are still watching?

Bitcoin is quietly completing its identity transformation: from 'follower of the stock market' to 'independent king'.

📉 The stock market plummets, but BTC remains strong against the trend!

In the past, Bitcoin had a close correlation with U.S. stocks, especially the S&P 500, with market sentiment almost rising and falling in sync. However, since 2024, this connection is being broken. Even during stock market turbulence, Bitcoin has repeatedly shown 'resilience', highlighting its new positioning as an uncorrelated asset.

Analysis indicates that this independence is making it a 'safe haven' asset in the eyes of institutions, especially in the face of global economic uncertainty. Bitcoin is no longer just a speculative tool, but more like 'digital gold'.

🐳 Whales hold firm, retail investors sell

On-chain data shows that large holders owning between 10 to 10,000 BTC have actually increased their positions during the recent market pullback, while small investors are accelerating their exit. This indicates that institutions and 'smart money' still have confidence in BTC and even consider it an ideal asset allocation in the current turbulent environment.

Santiment data further confirms this: retail investors are selling, whales are buying, and the market structure is undergoing 'reallocation of chips'.

✈ Bhutan announces acceptance of Bitcoin payments, global expansion continues

Just as Bitcoin is being redefined, its actual applications are also rapidly expanding. Bhutan recently partnered with a crypto payment service provider to allow tourists to pay for travel-related expenses using BTC, including flights, accommodations, and dining. As a country holding over 8,500 Bitcoins, Bhutan's move not only boosts its economy but may also further accumulate its national Bitcoin reserves.

🏛 U.S. state governments are also 'stacking coins'

New Hampshire has passed legislation to establish an official BTC reserve, becoming the first 'Bitcoin state' in the U.S. This trend is likely to spread rapidly to other states, further driving institutional demand and Bitcoin's sovereign status.

🔍 Summary: Bitcoin enters a new era, who will benefit from the next wave?

From gradually decoupling from the stock market to gaining institutional favor, and then to the implementation of national and regional applications, Bitcoin is moving towards a higher level of financial stage. For investors who are still watching, perhaps it’s not the time to ask 'Can it still rise?' but rather 'Can I still catch this wave?'