Bitcoin and MicroStrategy (MSTR) don dey begin separate: New high dem for BTC amid MSTR weakness dey raise correlation risk

Bitcoin (BTCUSD) dey climb reach new all-time high recently, e dey outrun major US stock indexes and e show strong bullish momentum. But 10X Research and latest market data dey show say Bitcoin and MicroStrategy (MSTR) shares dey start dey different. Even though monthly correlation coefficient between BTCUSD and MSTR still high for 0.83, new technical signs dey show say MSTR don dey bearish meanwhile Bitcoin still dey move up. This difference fit mean say price for the two fit split for future. One reason for this change na MicroStrategy founder Michael Saylor wetin talk for Bitcoin 2025 conference wey make people doubt proof-of-reserves, this one cause worry about how transparent MSTR big Bitcoin holdings be—dem get 580,250 BTC now after recent buy. Normally MSTR and Bitcoin dey move together well well, but investors especially traditional finance people dey lose interest for MSTR, and 10X Research suggest make traders try bear put spread option for MSTR so them fit limit risk if price go fall more. Usually, when MSTR and BTC dey move different, e sometimes mean crypto market fit go correct, but this time no sure. Crypto traders suppose dey watch how correlation dey change: if MSTR drop and Bitcoin rise, e fit mean dem no go dey closely related anymore. But if MSTR keep bearish, e fit also put Bitcoin for risk. This difference na warning for crypto portfolio managers to watch both assets well and adjust their hedging strategy to manage possible market wahala.