Bitcoin is trading sideways again, holding its ground like a stablecoin while bigger moves happen elsewhere.

Meanwhile, gold just smashed through another all-time high. But here's the thing—US stock futures are turning red today:

• Nasdaq futures down 0.73%
• S&P 500 futures down 0.53%

When traditional markets stumble and gold catches a bid, yet BTC just flatlines? That's the peculiar moment we're in. The crypto asset isn't moving much despite macro pressures, which makes you wonder if the narrative's shifting. Investors seem torn between risk-off trades into gold and cautious positions in digital assets.