The US stock market keeps climbing, but BTC is just dragging its feet. When the US stock market rises, BTC doesn’t move—do you really expect BTC to rise when the stock market drops?!!! BTC ETFs have seen consecutive days of net outflows, and this macro divergence reveals the truth about liquidity: Wall Street funds are bleeding out of the crypto space and flowing back to chase the tech sector in the US stock market. Continuous ETF outflows mean institutional buying has stalled. The current market is purely a game of shrinking liquidity. The prosperity of the US stock market is giving retail investors a false sense of optimism, while major players are taking advantage of the emotional gap to keep distributing. With real money stepping in to absorb, BTC simply doesn’t have the momentum to follow the stock market’s upward trend. The current slow grind downward with low volume shows we’re still in the phase of a dull knife cutting through—there hasn’t been a panic-driven bottom yet. Don’t blindly go long just because the US stock market is rising. When liquidity dries up, the worst thing you can do is fight the trend. I’m pretty pessimistic about Q3. Without a major wave of buying, it’s hard to see a real bull market forming! Sigh, tough times!