BTC is currently tracking NASDAQ futures moves, mirroring that -1% dip. Could make for quite the session this morning.
When Bitcoin starts shadowing equities futures like this, it often signals tighter correlation between crypto and traditional markets. Worth keeping an eye on how spot markets react once the open bell rings.
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GasFeeCrying
· 3h ago
Falling along with the Nasdaq again? How many times has this happened? It feels like Bitcoin is now just a puppet on a string in the stock market.
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AirdropHunterWang
· 01-12 12:59
Starting to dance with the stock market again... Can it hold up this time?
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Ser_This_Is_A_Casino
· 01-12 12:58
Here we go again, BTC is dancing along with the Nasdaq, what should we do?
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CoffeeNFTrader
· 01-12 12:56
Starting to dance with Nasdaq again, can we not be so close this time?
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CountdownToBroke
· 01-12 12:53
Starting to dance with Nasdaq again, honestly, the correlation is getting stronger and stronger...
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MetaMuskRat
· 01-12 12:53
Starting to dance with Nasdaq again, this time truly a puppet of traditional finance... Let's wait and see if it rebounds after the opening.
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TokenStorm
· 01-12 12:51
Here we go again, when the Nasdaq drops 1%, we have to sit tight. The correlation is getting tighter and tighter... From a technical perspective, a -1% retracement, the support level from two weeks ago is right here. If it drops further, we'll have to look at on-chain data. I dare say the whales have been watching this level for a long time.
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PaperHandSister
· 01-12 12:35
Starting to follow the Nasdaq again, this recent correlation is really annoying.
BTC is currently tracking NASDAQ futures moves, mirroring that -1% dip. Could make for quite the session this morning.
When Bitcoin starts shadowing equities futures like this, it often signals tighter correlation between crypto and traditional markets. Worth keeping an eye on how spot markets react once the open bell rings.