The dynamics of the Bitcoin market are attracting attention! The latest data shows that the 30-day correlation between Bitcoin and the Nasdaq index has dropped to 0.46, one of the lowest levels in five years. Meanwhile, the correlation between Bitcoin and the S&P 500 index is only 19%, demonstrating the best Sharpe ratio performance among major asset classes. This indicates that Bitcoin is gradually breaking away from its close association with traditional risk assets, showcasing more independent market characteristics.

Since Trump won the U.S. presidential election, the price of Bitcoin has surpassed $93,000, setting a new record, while the Nasdaq index has fallen 4% from its historical peak. Furthermore, Glassnode data shows that Bitcoin's 30-day implied volatility has decreased from 100% in 2021 to about 60% currently, indicating a significant reduction in market volatility. As the world's seventh-largest asset, Bitcoin's independent market performance deserves continuous attention.