Here's an interesting market divergence we're seeing play out:

When the broader economy flashes green, the pattern looks pretty stark. Traditional equities are rallying while precious metals catch the upside. But then you've got crypto—moving in the opposite direction entirely.

Flip the script during consolidation phases, though. Stocks pause and tread water, gold and silver keep their bid, yet digital assets continue their downward grind.

It's worth asking: is crypto still pricing in the same macro backdrop as stocks and commodities? The disconnect suggests either institutional flows are selective right now, or crypto is discounting something different about near-term liquidity. Markets don't usually stay this fragmented for long—something typically gives way first.