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Just noticed something interesting in the markets today. Bitcoin's been moving pretty much in sync with Nasdaq lately, and the correlation coefficient between them has actually turned positive. Meanwhile tech stocks and gold are both taking a hit, and crypto's following that trend too.
It's kind of a shift from how things usually work. Used to be bitcoin would do its own thing, but now it's looking more like just another risk asset moving with the broader market. When tech sells off, we're seeing crypto pull back right alongside it.
Worth keeping an eye on if you're trading. The correlation patterns can tell you a lot about where money's flowing.