Bitcoin Decouples From Equities, Says Coinbase Analyst

Bitcoin is decoupling from U.S. equities according to Coinbase's David Duong, as BTC-stock correlation declines due to Iran-driven volatility.

As of February, this correlation peaked at 65%, but it has been decreasing over the past few weeks, said Duong in a recent discussion.

Despite the short-term uncertainty caused by headline-driven risk asset volatility, Duong remains neutral on Q2 2026 but bullish in the short term due to improving liquidity and supportive macro conditions.