According to André Dragosch (@Andre_Dragosch), the day bitcoin began to decouple from US equities coincided with a significant widening in US sovereign swap spreads (Source: Twitter, May 14, 2025). This divergence suggests a potential shift in market correlations, which is highly relevant for traders monitoring cross-asset strategies. The notable movement in swap spreads, often linked to credit risk perceptions in US government debt, may signal changing risk dynamics between traditional and crypto markets. Traders should closely watch this evolving relationship, as further decoupling could create unique trading opportunities in both bitcoin and correlated crypto assets.