$BTC Is Breaking Out of the Tech-Trade Box Over the last 21 trading days: Gold explained 26.1% of $BTC variance. High-yield credit: 14.2% Copper: 11.1% Nasdaq: just 6.3% Versus the prior 63-day regime: Copper: +9.3 pts Credit: +5.3 pts Gold: +3.1 pts Nasdaq: −17.8 pts And 42.3% of Bitcoin’s movement remained Bitcoin-specific. The bullish takeaway: BTC is gaining multiple demand engines monetary scarcity, credit, global growth and native adoption instead of relying on one tech driven risk cycle. That makes the bid broader. And potentially far more durable.
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