This idea seems to be continuing on pretty well, showing the "slow" decoupling of BTC and the stock market. Currently the trend has been broken and there seems to be a confirmed retest of the upper trend. A good bounce off this should see the ratio move towards the 0.29 level and a break of that resistance level would signal a strong continuation. This (to me) would be the final signal that BTC has begun (perhaps in a big way) to decouple from the growth/fall rate of the stock market. This may be sparked by retail returning to the market, institutional investors taking a more BTC targeted strategy, or a combination of the two. If this is mostly caused by institutions then I would also be looking to see the "hype news" starting to come out, with headlines such as "Bitcoin will hit $100k" and things like that. As the US market goes into recession, big investors may just look to BTC and other cryptos to meet there profit-making needs. IMO this is how the next "short-term" bull-run may begin.
