Bitcoin still having a hard time breaking through the 108k level, even though traditional markets are on fire.
S&P 500 and Nasdaq are printing new all-time highs, and yet BTC feels... kinda stuck. 🧐

A lot of people start thinking that crypto is lagging behind – like it's waiting for TradFi to finish the party first. But is that really the case?

Remember: Bitcoin topped in November 2021, months before the stock market finally rolled over.
Same thing in the 2020 cycle – crypto moved fast, then equities followed.

So maybe this time ain't different. Maybe crypto already did the heavy lifting earlier this year, and now it's just cooling off a bit while equities play catch-up.

It’s not always lagging. Sometimes it’s just... leading too early.