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Bitcoin is regaining relative strength against U.S. stocks, according to on-chain analytics firm Glassnode. Glassnode said the share of trading days in June when BTC’s daily return outperformed the S&P 500 fell to around 20%, the lowest level in the past six years. That figure has recently climbed back above 50%, while the stock market has moved sideways, suggesting Bitcoin is drawing asset-specific buying rather than rising in tandem with risk assets more broadly.