Decoupling of Bitcoin from Legacy Markets

The chapter explores the lack of correlation between cryptocurrency and traditional markets, emphasizing that Bitcoin isn't necessarily affected by downturns in legacy markets. It discusses market dynamics in a simplified manner, highlighting the aftermath of a market dump where derivatives traders had to correlate Bitcoin with the S&P 500. The conversation also delves into trading behavior during market volatility, DeFi projects' declining interest, and the evolving landscape of DeFi protocols.