Why isn't cryptocurrency fully bottomed out yet?


Here's a little-known fact:
① Currently, the US stock market, Japanese stock market, and Korean stock market are all at historic highs that break new ground
② The positive correlation between cryptocurrencies and US stocks is 0.74-0.92
As long as the US stock market falls, liquidity will first be pulled from crypto ETFs, futures, and options. Additionally, retail investors are deeply tied to crypto stocks; as soon as the US stocks drop, a stampede effect immediately occurs.
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