Interesting divergence happening across asset classes today. The heavily shorted stocks are catching a strong bid, Magnificent Seven tech names pushing higher, and momentum plays extending their runs. Meanwhile, we're seeing Bitcoin pull back along with bonds and gold taking some heat.

This kind of rotation tells a story about risk appetite shifting gears. When traders pile into beaten-down shorts and high-beta momentum while dumping safe havens, it usually signals a hunt for yield in riskier corners. The fact that BTC is moving in tandem with traditional defensive assets rather than risk-on equities is worth noting—maybe the correlation narrative is evolving again.

Anyone else tracking how crypto fits into this broader flow? Feels like the market is picking winners and losers pretty aggressively right now.