It has been quite clear, especially in the last few years, that Bitcoin is a risk on asset. It has traded almost in lockstep (both up and down) with the NASDAQ 100, which is largely reflective of the MAG 7 and high tech stocks in general.                                                                                                                                                                                                                                                  It is going to be quite interesting to see how Bitcoin fares as the general stock market and the NASDAQ 100 in particular, go thru a brutal bear market decline for the remainder of 2025 and likely part or all of 2026.  Bitcoin has only been around since the beginning of 2009. The stock market  ended it’s last major, brutal bear market in March of 2009. So other than the 2022 correction in the stock market, Bitcoin has only seen stock market bulls for it’s entire history. Even during this 15+ year stock market bull, Bitcoin itself experienced a number of brutal bear market selloffs, but always went on to even higher ATH’s culminating in this January’s top, near 109K.                                                                                                                                                                                                                                                                                                          As I recently posted, the next leg down for Bitcoin is at hand and once it takes out the recent lows from where the current bounce  began  earlier this month, the decline should accelerate rapidly. This is likely to occur at the same time the stock market also breaks below it’s recent lows. Stocks are in the early stages of a  brutal bear market and Bitcoin is about to experience a whole new reality, as it has never encountered such an environment in it’s brief 16 year history.