Bitcoin News

Story: Bitcoin Decouples from Nasdaq Amid Leverage-Driven Selloff

By Dan Saada

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Bitcoin-Nasdaq Correlation Historically Strong. For most of 2025, Bitcoin’s price movements have mirrored those of the Nasdaq 100, rising and…

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The Break in Correlation. The decoupling began sharply on October 15 at 9 a.m. UTC.

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Leverage Washout as Primary Factor. CryptoQuant analyst TeddyVision examined the 30-day Simple Moving Average (SMA) of stablecoin…

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Synthetic Demand and ETF Influence. Beyond leverage, synthetic demand linked to derivatives and ETFs played a role in Bitcoin’s recent…

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Geopolitical Hopes and Altcoin Recovery. Despite Bitcoin’s slump, broader market sentiment remains cautiously optimistic.

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Upcoming Macro Indicators. Investors remain attentive to key macroeconomic data this week, which could influence Bitcoin’s…

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Outlook: Can Bitcoin Reconnect with Risk Assets?. For Bitcoin to regain correlation with the Nasdaq 100, several factors must align.

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Bitcoin recently broke its usual correlation with the Nasdaq 100, surprising market participants who have long viewed the cryptocurrency as a risk-on asset.

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The relationship remained largely intact through early October. Optimism was fueled by Federal Reserve Chair Jerome Powell’s comments on potential interest rate cuts at the…

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The decoupling began sharply on October 15 at 9 a.m. UTC. While the Nasdaq 100 finished the week up 0.44%, Bitcoin experienced a 3.71% decline, reflecting a dramatic divergence.

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CryptoQuant analyst TeddyVision examined the 30-day Simple Moving Average (SMA) of stablecoin inflows to exchanges between August and mid-October.

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This pattern suggests that much of Bitcoin’s pre-crash price movement was driven by leveraged positions rather than organic buying.

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Despite Bitcoin’s slump, broader market sentiment remains cautiously optimistic. On Sunday, BTC briefly crossed $108,000, signaling the start of a minor rebound.

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Meanwhile, altcoins have shown stronger resilience. Ethereum (ETH) rose nearly 5.96% over the two-week period, while Solana (SOL) gained 7.

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For Bitcoin to regain correlation with the Nasdaq 100, several factors must align. The unwinding of leveraged positions needs to stabilize, while geopolitical tensions should…

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