💥 $BTC is truly "decoupling" — and that's a positive signal. $FOGO
2025 marks a clear turning point: #Bitcoin is no longer seen merely as an on-chain or base-layer story, but has become a true macro asset. $FRAX
A few key points to face directly:
✅ Price and dominance remain stable around 58–60%, even as base-layer activity cools down (number of active addresses declines).
✅ Liquidity and velocity haven't disappeared — they've simply shifted off-chain, through ETFs, custody systems, and institutional channels.
✅ This reflects market maturation, not weakness.
At this stage, the valuation of #BTC is increasingly driven by macro liquidity and capital allocation behavior, rather than solely on transaction volume or on-chain usage data.
Entering 2026, the picture is tilting more toward adoption-driven dynamics and sensitivity to macro cycles. In this structure, #Bitcoin still holds its role as the core reference point — the place where large capital flows go when clarity of positioning is needed.
This is not a cause for concern.
This is a sign that the asset has entered the next phase of its lifecycle.
