One of the assets most correlated since the BTC 1010 crash,


The US software stock ETF $IGV has continued to rise after a week of gains, today surging another 6% and breaking the bull-bear dividing line. Looking at the technical chart, this officially marks the end of the bear market.
If we relate this to retail investors in the crypto circle, it’s as if BTC’s correction this week not only did not happen, but on Friday, it also closed with a large bullish candle, directly rising to 95k, declaring the end of the bear market.
IGV and BTC had been moving in sync until a week ago. The investor profiles of both are also quite similar. This can be seen as one of the signals that BTC is not lacking in macro liquidity risk. If the correlation persists, BTC may experience a significant rebound in the near future.
The only difference between the two is that IGV does not have the four-year cycle theory, nor does it have a group of native retail investors who decide whether to sell based on the calendar rather than fundamentals and liquidity.
BTC-0.34%
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