Is Bitcoin on the Verge of a Deeper Correction? The S&P 500 May Hold the Answer

A new CryptoQuant analysis by nocoffeenobrain warned that concurrent weakness in Bitcoin and the S&P 500 had preceded deeper crypto declines, including in late 2018 and January to April 2025, as Bitcoin consolidated near $82,000 to $83,000 after retreating from above $87,000. The analysis cited U.S. 10-year Treasury yields approaching multi-year highs and fading momentum in both markets. Fidelity’s Jurrien Timmer said the market broadened last week during a decline as the AI theme was sold, with only about 55% of stocks above their 200-day moving average. The cap-weighted S&P 500 has been largely flat since early June. Michaël van de Poppe advised patience until Bitcoin breaks clearly out of its range.