Crypto
Bitcoin-Nasdaq Ratio Hits 62% Drop, Echoes Earlier Market Lows
The Bitcoin-Nasdaq ratio has dropped by 62.2%, nearing the 68.5% drop recorded during the previous 2021-2022 crypto cycle.
This decline is roughly 90% as deep as the prior cycle's 68.5% Bitcoin-Nasdaq relative drawdown, according to Rand Group and The DeFi Report.
Bitcoin rebounded from around $58,500 in late June to above $80,000 in August due to increased demand for U.S. spot BTC ETFs, which added $1.92 billion between August 17 and 21, the strongest weekly inflow since October 2025.