Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) continue to slightly outperform equities, with prominent crypto analysts doubling down on their decisions to add exposure.

Bitcoin, Ethereum Flash Resilience

In an X post on July 30, Doctor Profit reflected on his July 18 positioning and said many questioned why he was buying crypto despite expecting broader weakness across financial markets.

His answer is that the correction has been concentrated in AI and technology stocks rather than digital assets.

"BTC has remained stable within its range and ETH has shown remarkable resilience," he wrote.

He sees that the limited impact of the S&P 500’s weakness on Bitcoin supports his thesis that crypto may decouple from technology stocks if the selloff remains concentrated in AI.

Doctor Profit believes the current market environment may represent a rotation rather than a broad risk-off event, with AI and semiconductor stocks absorbing most of the selling pressure.

Early To Conclude Crypto Equity Decouple

Since initiating the strategy, he noted that several of his equity shorts have generated sizable gains. While Strategy Inc. (NASDAQ:MSTR) dropped over 60%, Coinbase Global Inc. (NASDAQ:COIN) is down over 50%.

The trader recently purchased COIN shares, while continuing to hold a reduced short position as a hedge.

Doctor Profit cautioned that it is still too early to conclude crypto has fully decoupled from equities but believes the trend warrants close monitoring over the coming weeks.

If the divergence persists, it could strengthen the case that Bitcoin and Ethereum are entering a new phase of relative strength despite continued weakness across parts of the stock market.

Bitcoin and Ethereum posted gains of 10% and 22%, respectively, over the past month, outperforming the S&P 500 and Dow Jones Industrial Average, which fell 2.4% and 1.4%.

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