According to André Dragosch, the recent decoupling of Bitcoin from the Nasdaq is attributed to rising systemic risks associated with US Treasuries, which favor Bitcoin as an independent asset. Unlike previous analyses suggesting that the decoupling was due to factors harming Nasdaq margins but not global liquidity, Dragosch emphasizes the increased risk perception surrounding US Treasuries as a critical driver. This perspective is crucial for traders considering Bitcoin's potential as a hedge against traditional financial instrument instability.