🚨 July ends green—but Bitcoin lags behind equities. BTC closed the month with a solid gain of around 9–10% and is currently trading at $63,800–64,000. The Fed held rates steady on July 29 (9:3 vote). While equity indices performed strongly, crypto remained noticeably weaker by month’s end. Institutional perspective: The Fed’s hold provided short-term relief, but Bitcoin’s relative underperformance versus equities and weaker ETF flows indicate institutional capital remains selective. July was a recovery month—August has historically often been more challenging. Smart traders are viewing the relative underperformance as an observation phase rather than an entry signal. How do you assess the divergence from equity markets? #Bitcoin #BTC #Fed #Institutional #Macro #Crypto