Was Bitcoin price drop to $75K the bottom? — Data suggests BTC to stocks decoupling will continue

Bitcoin (BTC) fell below $75,000 on April 6, pressured by traditional markets as S&P 500 futures hit their lowest levels since January 2024. The initial panic also caused WTI oil futures to drop below $60 for the first time in four years. However, markets later recovered some losses, allowing Bitcoin to reclaim the $78,000 level.

Bitcoin's high correlation with traditional markets tends to be short-lived

While some analysts argue that Bitcoin has entered a bear market following a 30% price correction from its cycle peak...