• Crypto Decoupling from Traditional Markets: While the S&P 500 and Gold have faced significant retracements (Gold down nearly 10%), Bitcoin has shown remarkable relative strength, only retracing about 4.5%.
• Retail vs. Whale Divergence: Small retail wallets (less than 0.01 BTC) are aggressively accumulating, typically a contrarian bearish signal, while key whale tiers (10-10k BTC) are holding flat, awaiting clarity on global events.
• Long-Term Bullish Signals: Despite short-term sideways action, long-term metrics like the 365-day MVRV remaining negative (-26%) suggest Bitcoin is still in a historically low-risk accumulation zone.

The first quarter of 2026 is closing out with significant global volatility. From geopolitical…