What Happens to Bitcoin if the TradFi rally breaks? Wall Street keeps printing record highs but consumer confidence just hit rock bottom

The S&P 500 closed at 7,126 on April 17, another record, while the University of Michigan’s preliminary April consumer sentiment reading fell to 47.6, the weakest print in the survey’s history. The split on the screen looks surreal. Charlie Bilello shared the chart below, highlighting the gap. Wall Street is trading at altitude. Households are signaling something far darker. Bitcoin sits in the middle of that gap…