I've put this together after watching and reading over the weekend about the potential influence the Georgia Senate Runoff has on the market. Shown here is the correlation between BTC (or any other crypto for that matter) and the Treasury bond market to Junk bond index. People keep moving money into bonds showing FEAR in the market. Since bonds and the USDC has very little value due to the printing of the dollar, people are moving to Bitcoin to store their currency. IF the TLT/JNK were to break out we may see people move into Treasury bonds, Bitcoin, and liquidate all of their stocks.
This is just my hypothesis and it may change depending on the latest news.
This is just my hypothesis and it may change depending on the latest news.