#BTCvsMarkets

Bitcoin's relationship with traditional markets faces a critical test in 2024:

- **Divergence Signs:** $BTC rallies 15% while S&P dips on Fed worries

- **ETF Effect:** $12B inflows create independent demand dynamics

- **Macro Playbook:** Still reacts to dollar strength (DXY) and liquidity shifts

Key Data Points:

• 90-day correlation with Nasdaq drops to 0.3 (from 0.8 in 2022)

• Gold/BTC ratio collapses as investors favor crypto

• Miner stocks (MSTR, RIOT) now lead crypto-equity moves

The trillion-dollar question: Is Bitcoin maturing as an uncorrelated asset, or is this just a temporary divergence?