Crypto used to move in sync with the Nasdaq, but now it’s just tanking on its own. What’s truly terrifying is the thought that if the Nasdaq—the real economy—actually breaks, crypto might dump even harder.
At this stage, if you're bullish on the market, the risk-reward for just buying the Nasdaq seems much better. It's such an awkward price range right now that I can't even flip to a short position, which makes it even more frustrating.
But then again, if Nasdaq futures pump tomorrow and BTC somehow miraculously hits $84k, I’ll probably find myself believing in the 'Fundamental' all over again.