#Bitcoin breaking correlation for a year doesn’t erase the underlying macro link. Regimes shift, but they tend to re‑assert themselves once positioning, liquidity, and volatility normalize.Most people treat market structure as binary, either fully correlated or fully independent. In reality it moves in gradients. Correlation compresses, fades, snaps back, and drifts again. It’s never black and white. It’s always different shades of grey.(Seth)