BTC vs Nasdaq – A Strange Signal at ATHs 📊

Bitcoin’s correlation with the Nasdaq-100 is still high (~0.8), but here’s the key point: BTC is reacting harder to Nasdaq drops than to its rallies.

This negative performance skew is now back to levels we last saw in late 2022 — yet BTC is sitting near its all-time highs.

Historically, this kind of negative asymmetry appears near market bottoms, not tops.

In other words: the market is behaving like it’s accumulating, not distributing.

Very unusual signal at this stage

#BTC #Nasdaq #Crypto