[Bloomberg: Bitcoin's Risk Asset Attributes Weakening, Underperforming S&P 500 by Approximately 26 Percentage Points This Year] According to Bloomberg, the correlation between Bitcoin and traditional risk assets is weakening. Despite a significant rebound in US tech stocks, Bitcoin has failed to keep pace and performed even worse when the stock market subsequently declined, exhibiting persistently low volatility and weak fluctuations. Data shows that Bitcoin has fallen by approximately 16% this year, while the S&P 500 has risen by approximately 10%, lagging behind US stocks in both the past month and six months. Market analysts believe that Bitcoin is no longer the only representative high-risk asset. AI-related investments and some small-cap stocks are more attractive to risk-seeking funds. Coupled with the high-yield environment, the lingering effects of the previous large-scale liquidation in the crypto market, and Binance's record-breaking hack, all of these factors could put pressure on Bitcoin demand. The current cautious sentiment in the market suggests that Bitcoin could face a new round of decline at any time.