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$BTC Are there still people insisting on playing in the crypto world?
The US stock market keeps hitting new highs, and Bitcoin is not following along—just a slight pullback, and the crypto market crashes. It seems the crypto world is completely finished.
Nasdaq continues to surge strongly, constantly hitting new all-time highs, with a booming tech stock market, but Bitcoin remains completely indifferent, detached from the US stock trend.
The Nasdaq only experienced a slight pullback, while the entire crypto market collapsed across the board, with Bitcoin leading the decline, and altcoins suffering even more severe drops. Now, institutional funds are continuously withdrawing from the crypto market, ETF funds are flowing out, and funds are flocking to US stocks for safety—no one is willing to support the crypto market.
The once strong correlation with the US stock market has completely disappeared, leaving only a one-sided decline. Investor confidence has collapsed entirely. No matter how good the external market conditions are, the crypto market cannot rise, and even the slightest disturbance causes frantic sell-offs. Right now, it’s just pure capital abandonment, with no hope of a short-term rebound.