Bitcoin (CRYPTO: BTC) remains stuck around $90,000 level, despite global equity markets and commodities continuing their multi-month rally.

Historical Correlation Broken

The crypto market is exhibiting an extreme divergence from broader equities, most notably in Ethereum’s (CRYPTO: ETH) failure to track the Russell 2000 despite a long history of close correlation, prominent analyst Kevin noted.

Historically, the two have moved together roughly 90% of the time, particularly during risk-on environments.

A prolonged decoupling of this magnitude, especially while the Russell 2000 is in price discovery, has not been observed before.

The divergence suggests either a lagged response from crypto…

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