Bitcoin-gold correlation hits six-year high; equity decoupling questioned

The rising bitcoin-gold correlation signals a potential shift in how the market perceives bitcoin's role, possibly as a macroeconomic hedge rather than a risk asset. However, Glassnode's skepticism about the equity decoupling is a crucial counterpoint, suggesting that the current divergence may be a temporary anomaly rather than a structural change. For market participants, the key question is whether this behavior marks a permanent regime shift or merely a cyclical pause, which would determine if bitcoin's hedging narrative gains lasting traction.