According to Santiment, BTC has been going its own way over the past 6 months.



Since the end of August 2025:
Gold: +51%
S&P500: +7%
BTC: -43%

The weakest correlation with the stock market since the end of 2022. Historically, when an asset sharply deviates from its usual correlation, it later compensates for the gap.

$XAU
{future}(XAUUSDT)
$BTC
{spot}(BTCUSDT)
$MORPHO
{spot}(MORPHOUSDT)
BTC7.69%
MORPHO8.17%
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