Then how do you explain the correlation between Nasdaq and Bitcoin for example which is quite high for last months ? I mean, there must be some money flow going in and out of crypto space or not ?Crypto natives, unless already in tradfi, have no interest in stonks - it's a cultural divide.
Then how do you explain the correlation between Nasdaq and Bitcoin for example which is quite high for last months ? I mean, there must be some money flow going in and out of crypto space or not ?
You can watch some money flow on cryptos when you look on month-end flows if that lowers BTC or not e.g., when there is a push here. So you could watch since early this year how money went out of crypto causing a bear market on BTC and others.They are both risk-on assets. As the USD gets stronger all of it's currency pairs and risk-on assets show weakness. BTC is behaving like a tech stock and correlation is not causation.
Maybe there are resources to track moneyflow between the two, haven't come across one yet.
There's fiatleak.com but it's more a graphic visualization of sentiment between various crypto and usd.
Have not found much value in the past years on this whole forum (or website). Mostly waste of time only or with very, very little to none value. Maybe you or we should look elsewhere ? But where ?really amazing how much is going on and how little is mentioned here
if ya'll were ever elite, those days are long gone