I don’t think Bitcoin has fully decoupled from stocks yet. When liquidity tightens or markets go risk-off, BTC still tends to move similarly to tech-heavy indices like the Nasdaq Composite.

That said, something interesting is starting to happen. During periods of geopolitical tension and global uncertainty, Bitcoin has shown relative strength compared to equities.

Some capital is beginning to treat it more like Gold a neutral asset outside the traditional financial system.

For crypto-native users, this isn’t surprising. $BTC 's fixed supply, global accessibility, and independence from central banks naturally position it as a hedge against systemic risk.

My take: we’re probably in a transition phase. In the short term Bitcoin still behaves like a risk asset, but over time it could evolve into a true macro hedge if this pattern continues consistently.