Matrixport: Bitcoin's Correlation with Nasdaq Reaches Extreme Level, Possibly Signaling Divergence

BlockBeats News, March 25th, Matrixport released its daily chart analysis stating that the correlation between BlackRock's Bitcoin Spot ETF IBIT and Nasdaq's 30-day actual correlation is approaching 70%. This level has only occurred twice in history, indicating that Bitcoin is currently being driven by the same macro factors as other risk assets. This high correlation mainly reflects the market's reassessment of profit expectations before the first-quarter earnings season and the negative impact of tariff policy uncertainty. Therefore, Bitcoin's recent trend has closely followed the performance of the US stock tech sector. However, historical data shows that such a high correlation is usually difficult to sustain, suggesting that Bitcoin and Nasdaq may see diverging trends in the future.