Amid the new highs of the S&P 500, Bitcoin has instead experienced a correction. Many people complain that the crypto world is the same old story—rising when you can't keep up, falling when you can't escape. But upon closer examination of the logic, it's not quite that simple.

The core issue is that if BTC truly decouples from tech stocks, then what does the Venezuela situation have to do with cryptocurrencies? Frankly, there is indeed a correlation present right now. On Monday, there was a large-scale buy-in of spot ETFs, which indicates what? This is a direct reflection of the correlation.

Of course, the contradiction that US stocks are rising while Bitcoin is falling does exist. But this precisely reflects how the market is digesting different signals—macroeconomic data often first impacts traditional finance, while the reaction mechanism in the crypto market is different. It's not just about following or not following the trend; it's about the rhythm differences of various assets within specific cycles. The continuous buying of spot ETFs proves that institutions and investors have not given up on recognizing Bitcoin's long-term value.