Is Bitcoin's Annual Superiority Ending? Critical Chart Warning

Looking at my on-chain data models, I interpret this breach not as a collapse, but as a necessary reclassification. Bitcoin is decoupling from its 'high beta' past while maintaining correlation with equities. The breach of the 200-week average confirms that institutional capital—specifically through ETF flows—is absorbing volatility. BTC is evolving from a speculative moonshot into a strategic reserve asset. We are trading explosive parabolic moves for sustained, institutional-grade stability; this marks the end of the retail era and the beginning of the sovereign/fund era.