What is the deal with Bitcoin always falling when the stock market is so strong?

3 points

2 years ago

here again we see Bitcoin suddenly reversing intraday when the stock market keeps making new highs:

https://i.imgur.com/YSReDo7.png

This has happened so many times over the past year.

I have yet to find any media coverage of this or any explanation but it happens so often.

last week it happened on Friday too, Bitcoin suddenly plunged 5% from $71k to $69k:

https://imgur.com/gL94YWH

I think this is the last stage. buyers completely exhausted and funds dumping.

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