NASDAQ 100 Prints Top Bullish Signal of Decade, Bitcoin Takes Notice

The NASDAQ 100 index has posted one of its top 10 most bullish statistical readings over the past decade, with a significant gain that analysts describe as 'rare and bullish.'

The tech-heavy index recorded a daily gain of 3.32% during the recent rally, which is large enough to register as statistically significant against its performance history since 2016.

This signal has historically been followed by outperformance in total returns compared to the S&P 500 and Dow over the past decade.

BTC's correlation with the NASDAQ has become increasingly persistent, with institutional traders now factoring Nasdaq momentum into their Bitcoin positioning.