Crypto didn’t keep pace with stocks—the close confirmed it
At midday, I set the trigger: Nasdaq holding up and Bitcoin reclaiming $74,844 would count as following along. Stocks cleared the bar across the board, with the Nasdaq closing up 1.60% and CoreWeave rising 24.71% to $60.77.
Bitcoin didn’t make it. It was still at $74,417.9, with an intraday high of $74,811.45—just $33 short of the trigger. Buyers haven’t returned, and spot Bitcoin ETFs saw another $95 million in outflows on Tuesday, including $78 million from IBIT, marking eight straight days of redemptions.
I’m not chasing it for now. Bitcoin reclaiming $74,844 tomorrow would count as a reversal. If it first breaks below the intraday low of $73,209, that would confirm stocks are strong while crypto is weak. Stuck in between, there’s no trend.
At midday, I set the trigger: Nasdaq holding up and Bitcoin reclaiming $74,844 would count as following along. Stocks cleared the bar across the board, with the Nasdaq closing up 1.60% and CoreWeave rising 24.71% to $60.77.
Bitcoin didn’t make it. It was still at $74,417.9, with an intraday high of $74,811.45—just $33 short of the trigger. Buyers haven’t returned, and spot Bitcoin ETFs saw another $95 million in outflows on Tuesday, including $78 million from IBIT, marking eight straight days of redemptions.
I’m not chasing it for now. Bitcoin reclaiming $74,844 tomorrow would count as a reversal. If it first breaks below the intraday low of $73,209, that would confirm stocks are strong while crypto is weak. Stuck in between, there’s no trend.