Matrixport： The correlation between Bitcoin and the Nasdaq has reached an extreme level, and there may be a divergence in trend

BlockBeats News: On March 25th, Matrixport released a daily chart analysis stating that the 30 day actual correlation between Bitcoin ETF IBIT and Nasdaq is approaching 70%, a level that has only appeared twice in history, indicating that Bitcoin is currently driven by the same macro factors as other risk assets. This high correlation mainly reflects the market's reassessment of pre season profit expectations for the first quarter financial report, as well as the negative impact of tariff policy uncertainty. Therefore, the recent trend of Bitcoin has remained highly consistent with the technology sector of the US stock market. However, historical data shows that such high correlations are often difficult to sustain, indicating that Bitcoin and Nasdaq may experience a divergence in their future trends.