Bitcoin's price action continues to show a strong correlation with the stablecoin market cap. Historical data reveals that peaks in the 60-day market cap change often coincide with local or global Bitcoin peaks. Currently, the 60-day market cap change remains above its 60-day change-SMA, suggesting that the ongoing correction is a strategic phase where weaker hands are exiting. This presents a logical cooling period before a potential further upward trend, indicating a positive outlook for the market.