Bitcoin's 90-day correlation to the S&P 500 stands at 0.34 and to gold at 0.53, placing it in a mid-regime where neither pure risk-asset nor monetary-good framing fully dominates. Today's equity weakness, with the S&P 500 down 1.09% and the NASDAQ-100 down 2.50%, did not drag Bitcoin lower, a mild divergence from the recent correlation regime. The DXY slipped 0.06% on the day, providing a negligible tailwind. The FOMC meeting in 10 days is the next macro event with the potential to move Bitcoin out of its current compressed-volatility range.

With a 90-day BTC-to-S&P 500 correlation of 0.34, Bitcoin's flat session while equities sold off by 1 to 2.5% is directionally consistent with a mild decorrelation, though one session is insufficient to signal a regime change.