BTC Dumps S&P?! 🤯 Is This the End?! 📉

Ah, the markets. Such perfidious beasts, are they not? For three days past, that vaunted S&P500, symbol of American hubris, has plunged a full 12%, shedding a pathetic 2,797 points. Yet, Bitcoin, that digital upstart, that supposed den of iniquity, has only dipped a paltry 5.51% and is already, saints be praised, clawing its way back. A shift, they call it. A “decorrelation,” they whisper. Or is it merely, as some dour souls suggest, a lag? A delay in the inevitable reckoning? 🧐

Let us, with the grim determination of men facing the firing squad, delve into this potential seismic shift between the US stock markets, the very heart of capitalist rot, and the cryptocurrencies. We shall examine Bitcoin’s price predictions, and the key levels to watch, as one might examine the entrails of a freshly slaughtered chicken to foresee the Tsar’s fate.

BlackRock’s Delusions of Decoupling: BTC Severs Ties with S&P500 (Or Does It?) 🤔

Behold! The chart below! A clear illustration, they claim, of the chasm widening between Bitcoin and the S&P500, those two supposed pillars of risk-on assets, both puppets dancing to the tune of macroeconomic forces and Trump’s, shall we say, *unique* policies. While the S&P500 grovels at -10.74% since Wednesday, Bitcoin struts about at a mere -3.15%. Is this the liberation? Is this the moment Bitcoin casts off its shackles and becomes the haven for the frightened masses? 🤣

Has Bitcoin, in truth, decorrelated itself from the stock markets, now behaving as an uncorrelated asset, a refuge for investors fleeing the storm? A question that hangs heavy in the air, like the stench of stale vodka.

A crypto analyst, hidden behind the moniker “fewseethis” (how apt, given the blindness of the masses!), proclaimed that “an uncoupling of this magnitude would be quite historic if it holds.” A bold statement, if true, but one must always be wary of such pronouncements.

Pete Rizzo, a crypto influencer of some repute, confirmed that Wall Street, in its infinite wisdom, is finally recognizing that “Bitcoin is an uncorrelated asset backed by energy.” Energy, you say? Is this the new communism? 😂

And to add the weight of authority, Larry Fink, the CEO of BlackRock, that behemoth of finance, has long considered Bitcoin an “uncorrelated asset.” A comforting thought, until one remembers that even the most astute minds are prone to delusion.

In an interview with CNBC’s Jim Cramer, a man whose pronouncements are as predictable as the sunrise, Larry Fink declared:

“Bitcoin is a legitimate financial instrument that allows you to have uncorrelated returns.” He further added that BTC is an instrument to invest in “when you are frightened and countries are debasing their currencies by excess deficit.” Fear and debasement – the twin pillars upon which fortunes are built!

The Great Decoupling: Fact or Fiction? 🧐

While some revel in optimism, others, hardened by the icy winds of reality, remain skeptical. Collie, another crypto analyst, argues that this is not decorrelation, but merely a lag. A delay before the inevitable plunge into the abyss.

“This looks like the most obvious lagging situation. Happy to be wrong and buy higher but glhf to those longing into the weekend.”

Dom, a crypto trader, shared his observations on Bitcoin’s resilience against the Nasdaq100. While BTC is up 1.8%, the NDX is down a staggering 9.77%. An anomaly, to be sure.

“Considering the high correlation of these over the last few years, this is surprising. The floor fell out on stocks this week, but not on BTC.”

The trader further noted that this weekly divergence has occurred six times in the past, and that, in the following three months, Bitcoin has almost always yielded positive gains. A glimmer of hope in the gathering darkness?

In conclusion, if Bitcoin is indeed breaking free from the shackles of the US stock market, it could signal a coming bull run, a surge towards the mythical $80K level, followed by a march to $90K, $100K, and finally, the hallowed ATH at $110K. A glorious vision, indeed!

However, if this is merely a lag, a temporary reprieve before the storm, then a breach of the $80K support, transforming it into a resistance, would herald a descent into the abyss, a crash towards the $70K or even $69K support levels. A grim prospect, but one we must face with open eyes. 😈

2025-04-05 14:45

BlackRock’s Delusions of Decoupling: BTC Severs Ties with S&P500 (Or Does It?) 🤔

The Great Decoupling: Fact or Fiction? 🧐

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