BTC switches to high correlation, risk-on mode with Nasdaq ahead of earnings season

The article argues Bitcoin (BTCUSD) is trading more like a tech stock, showing a near-perfect 30-day correlation with the Nasdaq 100 and likely to react to Q1 tech earnings. BTC traded at $76,747.43 on April 28 after rejecting $79,000, with upside potential toward the $80,000 area if risk-on flows continue. The piece notes BTC fell over 22% in Q1 and remains in a ‘fear’ sentiment (Fear & Greed ~33) despite whale accumulation and longer-term holder buying. Upcoming big-tech reports through May 20 (Nvidia) are highlighted as potential catalysts that could move BTC alongside equities.