If you look closely at bitcoin, it tends to trade just like a leverage tech stock.
Check this chart out:
(Source: https://twitter.com/biancoresearch/status/1769030856004239537/photo/1)
That is a chart of the leverage nasdaq tech index compared with bitcoin.
They have moved pretty similar in the last several years.
This is something to pay attention to going forward to see if this correlation breaks.
I suspect it won't as the ETFs make bitcoin even more like a tech stock.