[Bitcoin Underperforms S&P 500 Over the Past 90 Days, Market Still Dominated by U.S. Stocks] According to Glassnode, the S&P 500 index has risen 5% over the past 90 days, while Bitcoin has dropped 20%, showing a similar trend over the past 7 days. Glassnode believes that until Bitcoin regains its relative strength compared to stock indices, the current market will continue to be dominated by U.S. stock movements. The Nasdaq index is lagging behind other major indices, and the current environment is unfavorable for portfolios with high exposure to tech stocks.