Bitcoin Becomes a Stock-Market Puppet, McGlone Says
Bitcoin’s equity correlation and five-year lag are central to McGlone’s bearish outlook, which still includes a $10,000 downside target.
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Bitcoin’s equity correlation and five-year lag are central to McGlone’s bearish outlook, which still includes a $10,000 downside target.
$BTC has tracked the chip complex all month on shared risk appetite and miner-to-AI pivots, so tonight's Alphabet print is the first hard look at whether the AI capex cycle still pays.