Bitcoin's recent underperformance in a rising market is attributed to timing rather than a breakdown in macroeconomic correlations, according to the 160th Weekly Insight from Bitjie.com. Analyst @CryptoinsightUK notes that while market sentiment is low, the fear and greed index has not reached the extreme levels of 2021. The lag in Bitcoin's performance is linked to its delayed response to rising M2 money supply and other assets like gold and equities. The report highlights the strong price discovery patterns in altcoins, with Bitcoin dominance expected to fall to 20-35%, a level historically preceding major altcoin rallies. Analysts suggest a critical decision point for Bitcoin's price near the $111,000–$115,000 range, with potential volatility if liquidity is tested.