Markets· ★★★· neutral·

China's tech crash erased $480 billion; Bitcoin rose 26.6% over the same dates

  • —STAR50 lost 39.8% over 71 trading sessions; Reuters put the market-value loss at about $480 billion
  • —Bitcoin gained 26.6% over the same dates, while CSI 300 fell 15.9%
  • —BTC–Nasdaq 100 daily-return correlation rose to 0.63 from 0.36 in July
  • —US spot Bitcoin ETFs saw $636 million in outflows on Oct. 22 and $110 million in inflows on Oct. 26
Why it matters: If China's selloff spills into wider credit spreads and funding pressure, Bitcoin's recent decoupling from tech stocks may not hold.
#BTC
Source: CryptoSlate
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