#比特币趋势与价格分析 The decoupling phenomenon when BTC reaches $87,500 is worth noting. According to the correlation model, the corresponding prices for the US stock market and gold are 6,900 and 4,500 respectively, which means the current prices are over ten times above the baseline.

Historically, a similar divergence occurred—during the Bitcoin below $1,000 period, correlation breakdowns eventually evolved into a tenfold rally. But here, we need to remain calm: are the past correlation patterns still valid?

Let's look at several dimensions: First, has the institutional allocation logic changed—traditional hedge funds may now prefer direct BTC holdings rather than indirect exposure through stocks, bonds, and gold; second, the actual on-chain capital flow situation—whale movements, exchange net inflows—these signals are more valuable for reference than historical analogies; third, is this round of decoupling a structural rupture or a cyclical overestimation?

PlanB's reminder is very pertinent: history does not simply repeat itself. If the correlation relationship has been broken, it means the old valuation framework may be invalid. The current strategy should focus on tracking on-chain capital movements and institutional holdings changes, rather than blindly applying historical multiples. The results will indeed need time to verify.