Bitcoin-Nasdaq Ratio Drops 62% as 2018, 2022 Bottom Signals Return

TLDR: Bitcoin-Nasdaq ratio fell 62.2%, nearing the 68.5% drop recorded during the previous 2021-2022 crypto cycle. The 62.2% ratio decline is roughly 90% as deep as the prior cycle’s 68.5% Bitcoin-Nasdaq relative drawdown. Bitcoin rebounded from about $58,500 in late June to above $80,000 in August as ETF demand strengthened. U.S. spot Bitcoin ETFs drew [...]

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