Bitcoin Decouples from S&P 500 as Market Correlation Turns Negative Mid-Cycle

TLDR: A $19B leverage wipeout in October 2025 erased Bitcoin’s two-year correlation with the S&P 500 index. Bitcoin’s 30-day correlation with equities turned negative after open interest collapsed from $45B to $21.9B. Historical halving data shows Bitcoin recoveries begin 30 to 36 months after each halving event occurs. Bitcoin now trades as a standalone asset [...]

The post Bitcoin Decouples from S&P 500 as Market Correlation Turns Negative Mid-Cycle appeared first on Blockonomi.