VIX exploded by 12% Tech stocks got wrecked on Friday, but BTC is still steady at 64.8K, not budging an inch. In 2022, BTC's correlation with QQQ was 0.85. Now it looks more like 0.3. It’s not a hedge—this is the market re-pricing what kind of asset BTC really is. USDT has a two-year countdown. France just shut down Polymarket. Regulations are tightening, but prices aren’t reacting. I’m betting BTC will keep ranging between 63-67K this week. No big moves until VIX comes down. But if this decoupling holds through the next wave of risk events, then it’s definitely not a coincidence. Nothing much to say. That’s it.