The NASDAQ 100 recorded one of the top 10 most bullish statistical readings of the past decade, with a daily gain of 3.32% placing it in the 29,000 to 29,700 range and year-to-date performance approaching 18%. Bitcoin increasingly behaves as a high-beta tech proxy, with a correlation persistent enough that institutional traders routinely factor NASDAQ momentum into their Bitcoin positioning. MicroStrategy’s maintained membership in the NASDAQ 100 means every pension fund and 401(k) plan tracking the index now has indirect Bitcoin exposure. A 5% NASDAQ pullback could translate into a 10% or greater Bitcoin drawdown, especially if leveraged positions in crypto markets get unwound quickly.
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