I think it's important when looking at BTC to consider the recent decrease in USD value. If we denominate BTC against other major currencies, you can see how the chart is telling a much different story. Similar to stocks which are technically at an all time high, but compared to earlier this year they are still down over 10% just because DXY lost value. We have seen a solid bounce since the Tariff drama but a lot of it is also because of the USD devaluation. Keep that in mind when looking at risk assets to compare their relative strength to earlier this year.