Friends, the relationship between #Bitcoin and #Nasdaq-100 is still strong, with a correlation of approximately 0.8. However, the interesting part is that #BTC prices the pullbacks in Nasdaq much more severely compared to the rises.
This performance difference has regressed back to the negative area we saw at the end of 2022. But this time the situation is different… Because BTC is still moving close to peak levels despite such a scenario.
Generally, we see these kinds of negative asymmetries during periods when the market is forming a bottom, which is not something commonly observed in peak areas.
In summary, the market's behaviors seem to indicate a mode of accumulation rather than selling. I think there is currently a quite unusual and noteworthy picture.
This performance difference has regressed back to the negative area we saw at the end of 2022. But this time the situation is different… Because BTC is still moving close to peak levels despite such a scenario.
Generally, we see these kinds of negative asymmetries during periods when the market is forming a bottom, which is not something commonly observed in peak areas.
In summary, the market's behaviors seem to indicate a mode of accumulation rather than selling. I think there is currently a quite unusual and noteworthy picture.