Bitcoin’s oil-price link weakens as liquidity conditions become the main source of selling pressure

The article says the long-running link between bitcoin and swings in crude oil prices is fading. It argues that market drivers are shifting from commodity spillover effects to broader liquidity conditions. With macro liquidity pressure rising, liquidity is now described as the dominant source of selling pressure. The piece frames this as a qualitative change in pricing weightings that applies to high-beta crypto assets such as BTC, without citing specific policies, events, on-chain data, or quantitative indicators.