U.S. stocks opened weak today, pouring cold water on the market. The S&P 500 showed no highlights, and the Nasdaq was even more sluggish, with a decline of only 0.1%, but the underlying issues are significant—traditional capital's enthusiasm is clearly waning, and the upward momentum of tech stocks has dried up.

In this context, can Bitcoin maintain an independent trend? To be honest, the answer isn't that simple.

On one hand, the continued weakness of U.S. stocks may attract funds seeking alternative safe-haven assets. As a high-risk but potentially higher-return option, the crypto market often attracts some incremental capital when traditional assets become dull. This is the decoupling logic.

On the other hand, the interdependence among risk assets cannot be ignored. A decline in the Nasdaq often signals a decrease in investors' risk appetite, and cryptocurrencies, as high-risk assets, are usually also under pressure at such times. Once market sentiment cools, there is also a probability of a follow-through correction in the crypto space.

Currently, we are in an observation period; the subsequent performance of U.S. stocks and capital flows are the key. The calm before the storm tests the most patience.