Bitcoin-QQQ correlation hits 0.67 over 21 trading days
- —BTC-QQQ correlation: 0.67 over 21 days, 0.38 over 63 days, 0.44 over 99 days
- —Spot BTC ETF outflows: $635.5 million on Oct 22 and $137.9 million on Oct 23
- —The ETFs took in $526.6 million on Oct 19 and $528.4 million on Oct 21
- —Bitcoin slipped below $79,300 on Oct 26 before recovering to around $80,000
Why it matters: Tight short-term correlation with tech stocks leaves BTC exposed to AI-equity selloffs and the Fed's rate decision.
Source: TokenPost