According to @charliebilello, markets are showing a great divergence, with consumer gloom contrasted against a stock market boom as of December 1, 2025. Source: Charlie Bilello on X, Dec 1, 2025. For traders, this indicates equity price strength is persisting even as sentiment readings remain weak, a decoupling that argues for prioritizing price action over survey data in near-term risk management. Source: Charlie Bilello on X, Dec 1, 2025. For crypto, IMF research found that since 2020 Bitcoin has exhibited higher correlation with equities, meaning an equity risk-on backdrop can influence crypto beta, making this divergence a relevant macro context for BTC and ETH positioning. Source: International Monetary Fund, 2022 research on rising crypto equity correlations.