Bitcoin (BTC) is once again behaving differently from the traditional risk ******* et complex, and the latest divergence may be sending an important signal.
Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points.
This is now the fourth time in the past five years that the two ******* ets have moved into negative territory on a 20 day correlation coefficient, which currently sits at -0.43. The pattern also resembles the negative correlation periods seen in summer 2021 and Aug