BTC may be poised for rebound after 6 months of underperformance

Mark Connors, founder of Risk Dimensions, suggested that Bitcoin's recent underperformance against the S&P 500 could set the stage for a rebound, CoinDesk reported. He noted that since early October of last year, Bitcoin has lagged behind the S&P 500 index, marking the longest such period on record. Historically, Connors explained, this type of imbalance has preceded a rally. If this pattern continues, he said, Bitcoin could enter a phase where its relative weakness transforms into new demand. However, he stressed that the timing will depend more on geopolitical factors than market structure. Connors pointed to the conflict in Iran, stating that its effects on energy markets, liquidity, and global risk appetite will determine the pace of any shift in investor sentiment, a process he suggested could take anywhere from two months to two years.