Bitcoin’s Quiet Chic: The Wise Money’s Subtle Dance 🕺💃

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Bitcoin‘s Quiet Chic: The Wise Money’s Subtle Dance 🕺💃

Well, darling, despite hitting what should have been a fête—a milestone, if you will—search interest in BTC remains as tepid as a Monday morning in May. According to that charming tweet by Merlijn The Trader, it’s still lurking at bear-market levels. And the altcoin season? Still playing hide and seek—if you ask me, we’re still waiting for the parade to start, dear reader.

Crypto enthusiasm

Adding a little dash of irony, Coin Bureau’s analysis reveals that Bitcoin can’t seem to shake its dance partner—U.S. 10-Year Treasury Futures. As illustrated in a chart by Bitwise, Bitcoin’s 60-day correlation with bonds has plummeted to an all-time low. Your humble analyst suggests this is code for: “The institutional crowd is moving out of bonds and into Bitcoin, darling.” How deliciously strategic.

Correlation chart

Coin Bureau adds that this might just be the “macro chart to watch,” signaling that Bitcoin is now that rebellious artist—standing apart from the old bonds, unchained and uncorrelated. It’s a lovely sight, really, like a starlet finally getting her solo act.

Merlijn, that clever fox, asserts that the crowd’s not quite ready for the fireworks—no herd, no frenzy. “This is just the beginning,” he sighs—perhaps wistfully—pointing to tepid Google searches and the altcoin index still basking in Bitcoin’s shadow. Honestly, it’s like waiting for the audiences to arrive at the theatre—so much tap-dancing before the curtain rises.

Meanwhile, as Bitcoin waltzes above the century mark, experts whisper that there’s plenty of runway left—if only the delightful public returns their amorous glances, and altcoins tickle the fancy of the masses once again. But for now, smart money is dancing ahead, my dear, ahead on the good foot.

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2025-05-31 13:02