1️⃣ During the FTX collapse, BTC fell 21.4% while the S&P 500 rose 5.9%. 2️⃣ Around the SVB failure, BTC gained 21.3% as stocks slipped 1.6%. 3️⃣ In the 2025 tariff selloff, both fell about 12%. The type of shock shapes whether crypto moves with stocks.