Bitcoin Shows 0.8 Correlation With Nasdaq Amid Asymmetric Response Pattern

Bitcoin has tightened its correlation with the Nasdaq to approximately 0.8, but displays an unusual asymmetry in response patterns. The cryptocurrency reacts more sharply to tech-sector declines than rallies, creating a negative performance skew last observed in late 2022, according to Wintermute analysts. Despite trading near historical peaks, BTC demonstrates amplified reactions to downside moves while showing muted participation during upward movements.