Bitcoin Just Flipped a Months-Long S&P 500 Trend: Here’s What Changed

After months of struggling and mostly failing to keep the pace with US equities, bitcoin has finally flipped the narrative. The primary cryptocurrency experienced its most notable price recovery of the year, skyrocketing by 25% from under $65,000 to almost $80,000 within two days before its run was paused, at least for now. Although this surge is impressive on its own, Glassnode highlighted another notable development that makes it even more interesting: BTC has suddenly started to substantially outperform US stocks after months of doing the opposite. In fact, BTC only outperformed the S&P500 on around one third of trading days over the last 3 months. This is the longest underperformance streak we’ve seen over the last 6 years of history. The question now is whether this is the start of a trend or just one of those 3 days.… pic.twitter.com/FznjobnysM — glassnode (@glassnode) August 17, 2026 Finally on the Correct Side The analytics company said that the cryptocurrency had underperformed the S&P 500 on approximately two out of every three trading days in the past three months. This was more than evident, as BTC failed to initiate any substantial rallies since it was rejected...