In recent weeks, in light of the SVB collapse, Bitcoin had uncorrelated itself from the traditional markets. Bitcoin was up 24%, other assets remained relatively flat, and gold was also a winner. But in recent days, the correlation to assets has spiked back up to almost February levels. Bitcoin has a negative relationship with the dollar, which would be bearish if the dollar was to start going higher in the face of a liquidity or credit crisis as investors rush to dollars.