Bitcoin has shifted into risk-off territory—or at least that's how it's been trading lately. Gone are the days when you could compare its movements to a tech stock. The correlation patterns have changed, the volatility profile is different, and the market drivers seem to have recalibrated. Whether this is temporary or a lasting shift in how institutional and retail traders position Bitcoin remains an open question.
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Bitcoin has shifted into risk-off territory—or at least that's how it's been trading lately. Gone are the days when you could compare its movements to a tech stock. The correlation patterns have changed, the volatility profile is different, and the market drivers seem to have recalibrated. Whether this is temporary or a lasting shift in how institutional and retail traders position Bitcoin remains an open question.