Wu Blockchain reports that Wintermute's latest article points out that the correlation between BTC and the Nasdaq remains as high as 0.8, but its performance shows a 'down-only' negative skew—slow to react when the stock market rises, but amplifies losses when it falls. The analysis suggests this structural weakness reflects a shift in capital and narrative towards U.S. equities, while the crypto market's liquidity remains fragile. Historically, similar phenomena have often appeared at cycle bottoms rather than tops, indicating the market might be in a phase of emotional exhaustion rather than euphoria. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=51852