BTC being pulled down by WallStreet

With the news from Africa about the new COVID variant Wall Street has been selling off. VIX is on the rise and both NQ1! and ES1! have been tanking.

You can clearly see the strong correlation between the NQ1! and BTCUSDT over the long term although they have their divergences. When we look at the lower timeframe BTC and NASDAQ don't always move together but right now the correlation is strong and undeniable.