📊 Bitcoin’s correlation with the S&P 500 has rebounded to 0.88, indicating that the two are dancing in sync again! This time the “dance partner” relationship is attributed to macroeconomic factors, such as the Fed’s revised rate cut forecast and the strengthening of the US dollar. Although Bitcoin has strong on-chain support, it is increasingly moving in the rhythm of the larger market. Are there any short-term risks ahead? Feel free to share your thoughts in the comments section!