Cryptobriefing, citing Santiment data, reported that the correlation between Bitcoin (BTC) and the US stock market has fallen to its lowest level since the FTX collapse in November 2022, intensifying the decoupling phenomenon. The media outlet explained, “The 30-day moving correlation coefficient between Bitcoin and the US stock market dropped to -0.299 in December 2025, then recorded approximately 0.18 in January of this year. In the past, Bitcoin was classified as a risky asset, showing a high correlation with tech stocks like Nasdaq, but recently, it has been showing different trends. In fact, from late August 2025 to early 2026, Bitcoin prices fell by approximately 43%, while the S&P 500 index rose by approximately 7%. During the same period, gold prices surged by approximately 51%. The market points to deleveraging (reduction of leverage) that followed the launch of the BTC spot ETF as a major cause.”
