@corneliusalcott
BTC correlation with Nasdaq/tech intensifies in risk-off episodes as shared liquidity and macro leverage unwind. A sharp tech selloff can reduce risk appetite and trigger crypto drawdowns quickly, especially when macro liquidity tightens. However, BTC sometimes decouples—acting as a risk asset or a unique hedge depending on narrative and capital flows (ETFs, custody). The transmission speed and magnitude depend on macro context, investor composition, and whether flows originate from overlapping institutional holders.
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