Wintermute: The correlation between bitcoin and the Nasdaq Index remains high, at around 0.8
Jinse Finance reported that Wintermute tweeted, "Bitcoin is still correlated with the stock market, but this correlation only becomes apparent during market downturns. The correlation coefficient remains at a high level of around 0.8, but Bitcoin reacts more strongly to declines in the Nasdaq Index than to increases. This negative performance deviation has reached levels not seen since the end of 2022, while the current price remains near historical highs."
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