BTC is historically the most uncorrelated asset. The recent correlation since march 2020 is spread across all markets, but btc has still maintained its uncorrelated status contrary to popular belief. Also the s&p has miles to go before it hits its historical moving average lows during bear markets, while btc has approached its 200wema and broke it during the luna events. This signals a possible market bottom as well. I think we see btc grind sideways for a loooong time while legacy continues to crash with QT starting this month, this will make more and more legacy investors, big ones, want to exit legacy. Bonds sure arent gonna help smh big hedge funds still thinking to buy bonds right now are gonna get rekt. We see a divergence in int rates that hasnt happened in 40yrs… somethings about to change macro wise and btc can easily make a run for the number 1 global currency in the next few years. I do expect the s&p to push MUCH lower I expect the dollar to peak during the legacy recession and start weakening as they begin talking about stimmis again and big investors park the new wave of cash in places of value and other countries split off swift to get oil cheaper.
abc correction could still play out further, but the whales willing to buy below this sigma level are bigger than all of crypto combined and will likely resolve in a wick
all in baby