Bitcoin skyrockets while other assets struggle

Has bitcoin started its decoupling from the broad financial market?
Source: Tradingview (Coinbase)

After underperforming against altcoins for several months, bitcoin has finally turned the table, ending the week up 16%. This bitcoin bull run comes after rising expectations for a bitcoin ETF backed by CME futures, shown by rising open interest (slide 10), increasing funding rates (slide 15), and growing basis premiums for CME futures (slide 13).

While bitcoin flourishes, the other large altcoins struggle. ETH ends the week nearly flat at 3%, while ADA has not performed well over the last week, trading down 4%.

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