MICA 日報|為什麼最近股跌幣漲?分析兩者脫鉤背後真相
Since October 2025, the positive correlation between Bitcoin and the S&P 500 index has significantly weakened, entering a decoupling phase. This change stems from large-scale liquidation events, subdued market liquidity, and reduced risk appetite among traders. Meanwhile, ETF outflows and geopolitical tensions have also impacted Bitcoin's performance, demonstrating that its potential as a safe-haven asset has gradually increased as deleveraging comes to an end.