According to Bitwise data, Bitcoin and gold's 90-day correlation reached a nearly six-year high during the latest bond market selloff, with Bitcoin rising 22.4% and gold adding about 5% over the following week as stocks fell. However, Glassnode analysts noted in a Tuesday report that while Bitcoin's 30-day correlation with the S&P 500 fell towards zero during the August rally, historically, sudden decorrelations during sovereign bond selloffs have tended to be short-lived, marking local exhaustion rather than structural regime shifts.