Matrixport: The correlation between Bitcoin and Nasdaq has reached an extreme level, and the trend may diverge

03/25 09:04

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On March 25th, Matrixport released daily chart analysis, stating that the actual correlation between Bitcoin ETF IBIT and Nasdaq over the past 30 days is approaching 70%. This level has only occurred twice in history, indicating that Bitcoin is currently being driven by macro factors similar to other risk assets. This high correlation mainly reflects the market's reevaluation of profit expectations before the first-quarter earnings season, as well as the negative impact of uncertainty in tariff policies. Therefore, Bitcoin's recent trend is highly consistent with the US stock technology sector. However, historical data shows that such high correlation is usually difficult to sustain, suggesting that Bitcoin and Nasdaq may show divergent trends in the future.

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