BTC Sometimes it can be useful to look at the market relative to equities. In this case, BTC is not doing as bad as it might seem when looking at it relative to SPX. (even better comparing it to tech stocks). It remains a risk asset that moves in unison with equities most of the time. This sell off was primarily driven by equities & macro weakness. Yes, BTC sold off more but that's what it does. It also outperforms on the way up. As you can see, it's still up since the election relative to SPX. Good to look at it this way sometimes for some perspective in my opinion.