{"id":435753,"date":"2022-04-22T17:22:00","date_gmt":"2022-04-22T14:22:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises\/"},"modified":"2022-04-22T17:22:00","modified_gmt":"2022-04-22T14:22:00","slug":"nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises\/","title":{"rendered":"# Nasdaq has dotcom crash &#8216;deja vu&#8217; says trader as Bitcoin correlation rises"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2eaa2bdc822\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2eaa2bdc822\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises\/#%E2%80%9D_Nasdaq_has_dotcom_crash_%E2%80%98deja_vu_says_trader_as_Bitcoin_correlation_rises_%E2%80%9C\" >&#8221; Nasdaq has dotcom crash &#8216;deja vu&#8217; says trader as Bitcoin correlation rises &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises\/#%E2%80%9CDeja_vu_all_over_again%E2%80%9D\" >&#8220;Deja vu all over again&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises\/#Less_than_a_year_to_run\" >Less than a year to run?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Nasdaq_has_dotcom_crash_%E2%80%98deja_vu_says_trader_as_Bitcoin_correlation_rises_%E2%80%9C\"><\/span>&#8221; Nasdaq has dotcom crash &#8216;deja vu&#8217; says trader as Bitcoin correlation rises &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) and its stock market correlation are under fresh scrutiny amid a warning that the Dotcom Bubble is repeating itself in 2022.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/peterlbrandt\/status\/1517285802090188800\">tweet<\/a> on April 22, popular trader Peter Brandt highlighted similarities between the Nasdaq 100 (NDX) now and twenty years ago.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CDeja_vu_all_over_again%E2%80%9D\"><\/span>&#8220;Deja vu all over again&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin has shown itself to be highly correlated to U.S. equities this year. In particular, BTC\/USD recently became attached to the NDX, which has not passed by some of the industry&#8217;s best-known names.<\/p>\n<p>As stocks themselves come under pressure from central bank inflation-beating policies, concerns are mounting that the im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te future is anything but rosy for crypto.<\/p>\n<p>Brandt, who himself gained attention for predicting some of Bitcoin&#8217;s historical price bottoms, now believes that the Nasdaq itself is echoing its performance from the year 2000 \u2014 the height of the dotcom crash.<\/p>\n<p>Calling it &#8220;deja vu all over again,&#8221; he uploaded a chart showing the structural similarities.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/e71dfb82-bebb-4041-ad82-841f696b07c4.png\"><figcaption style=\"text-align: center;\"><em>Nasdaq 100 annotated chart. Source: Peter Brandt\/ Twitter<\/em><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0meanwhile shows just how in step Bitcoin and the NDX are this year.<\/p>\n<p>As Cointelegraph noted, April 21&#8217;s stock sell-off had an immediate knock-on effect on Bitcoin, which briefly dipped below $40,000 and continued to threaten a breakdown on April 22&#8217;s Wall Street open.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/eb9c9b65-1e93-4776-a3db-57f5c0b47ecd.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD vs. NDX chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Less_than_a_year_to_run\"><\/span>Less than a year to run?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Zooming out, however, and not everyone believes Bitcoin&#8217;s correlated fate will last for long.<\/p>\n<p><strong><em>Related:\u00a0GBTC premium nears 2022 high as SEC faces call to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove Bitcoin ETF<\/em><\/strong><\/p>\n<p>William Clemente, lead insights analyst at mining firm Blockware, specifically gave their relationship less than a year to play out.<\/p>\n<p>&#8220;Going to go on the record and say that I think we see a decorrelation between Bitcoin and stocks in the next 12 months once this transfer of supply is complete,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1517244773630894083\">declared<\/a>. <\/p>\n<blockquote><p>&#8220;If\/when this occurs, it would be quite reflexive and powerful.&#8221;<\/p><\/blockquote>\n<p>Clemente was referring to what he sees as the transfer of BTC &#8220;from correlation trading traditional finance entities to crypto natives, high net worth individuals and forward-looking institutions.&#8221;<\/p>\n<p>&#8220;This boring sideways range is an equilibrium of this transfer IMO,&#8221; he added in a tweet from April 18.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nasdaq-has-dotcom-crash-deja-vu-says-trader-as-bitcoin-correlation-rises\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Nasdaq has dotcom crash &#8216;deja vu&#8217; says trader as Bitcoin correlation rises &#8220; Bitcoin (BTC) and its stock market correlation are under fresh scrutiny amid a warning that the Dotcom Bubble is repeating itself in 2022. In a tweet on April 22, popular trader Peter Brandt highlighted similarities between the Nasdaq 100 (NDX) now&#8230;<\/p>\n","protected":false},"author":1,"featured_media":435754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNjUzZWEzY2ItOWNlNS00NzU3LTgxYzQtM2IyYWIwNTEyMDIxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,72332],"class_list":["post-435753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-nasdaq"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=435753"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/435754"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=435753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=435753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=435753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}