Wintermute: Bitcoin’s correlation turns one-sided.
By Maxime Laurent · 2025-11-14 13:02
Wintermute: Bitcoin’s correlation turns one-sided.
BTC reacts to Nasdaq dips, not rallies 📉🤝💻
According to Wintermute, Bitcoin still moves in sync with the stock market, but lately, it’s showing an asymmetric correlation: $BTC tends to fall when Nasdaq drops, yet barely reacts when it rises.
Analysts note that this kind of behavior is typical for the late stages of correction phases — a sign of exhaustion, not euphoria. In other words, the price is holding up surprisingly well given the macro backdrop.
The shift reflects a capital rotation back into equities, especially large-cap tech, which heavily drives U.S. indices. Crypto isn’t being dumped — it’s just momentarily overshadowed by Wall Street’s favorite shiny objects.
When that capital cycle flips again, Bitcoin will likely be waiting — quietly, but resiliently 🧊
#BTC #crypto #Wintermute #Nasdaq #markets #macro #trading #analysis
BTC reacts to Nasdaq dips, not rallies 📉🤝💻
According to Wintermute, Bitcoin still moves in sync with the stock market, but lately, it’s showing an asymmetric correlation: $BTC tends to fall when Nasdaq drops, yet barely reacts when it rises.
Analysts note that this kind of behavior is typical for the late stages of correction phases — a sign of exhaustion, not euphoria. In other words, the price is holding up surprisingly well given the macro backdrop.
The shift reflects a capital rotation back into equities, especially large-cap tech, which heavily drives U.S. indices. Crypto isn’t being dumped — it’s just momentarily overshadowed by Wall Street’s favorite shiny objects.
When that capital cycle flips again, Bitcoin will likely be waiting — quietly, but resiliently 🧊
#BTC #crypto #Wintermute #Nasdaq #markets #macro #trading #analysis
Disclaimer: This content is for informational purposes only and not financial advice.