This correlation collapse is quite interesting; waiting for a regression or a complete decoupling.

Crypto界 reports that Bitcoin and IGV have significantly diverged since May 14, with IGV rising about 12% and Bitcoin falling about 10%. In the previous five years, they almost moved in sync, reaching a peak in 2025 before pulling back. Currently, IGV has returned above the 200-day moving average, Bitcoin is around $73,000, below $79,388, and the 20-day correlation has dropped to 0.58. Analysis suggests that maintaining low correlation in the short term is unlikely, and in the future, Bitcoin may catch up with software stocks; IGV's rebound could also be a false signal.