The weirdest thing about this market...
Since the daily close on October 10, 2025:
• The Dow Jones Industrial Average +8%
• Bitcoin $BTCUSD -17%
For assets that had an ~80% correlation over a trailing 1-year period in September 2025, this deviation caught me by surprise.
In other words, this consolidation has been a "risk appetite reset".
There is nothing wrong with BTC, specifically.
(though it's downtrend has been much more significant & sustained than speculative equities)
Investors have less risk appetite & they're behaving consistently.
I've been saying this for awhile now, so there's nothing new about this message, just providing an update.
Here's one of the original posts where I showcased the simultaneous price action in BTC vs. ARKW:

Caleb Franzen
@CalebFranzen
11-27
Bitcoin hasn't diverged from the stock market.
Just look at the comparison between:
🟠 Bitcoin $BTCUSD
🔵 Ark Next Gen Internet $ARKW
They peaked at the exact same time and have consolidated together.
Bitcoin's selloff isn't a "Bitcoin problem"... it's a risk appetite problem.

Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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