Wintermute: The correlation between Bitcoin and the Nasdaq index remains high, around 0.8

Wintermute tweeted, "Bitcoin is still correlated with the stock market, but this correlation only manifests during market downturns. The correlation coefficient remains high at around 0.8, but Bitcoin's response to the decline of the Nasdaq index is stronger than its response to increases. This negative performance shift has reached levels not seen since the end of 2022, while the current price hovers near historical highs."