Bitcoin Correlations Point to Rising Odds of Recovery

Bitcoin Correlations Report, October 2025

So far, Bitcoin has behaved exactly as its historical playbook would suggest during this drawdown.

When risk appetite fades, Bitcoin tends to track U.S. growth stocks closely and its recovery odds improve as soon as the Nasdaq 100 resumes its uptrend.

That correlation is not just anecdotal, it’s part of a consistent market pattern we can measure through ETF flows and macro positioning.

Looking at those structural signals today gives reason to believe a recovery is already forming under the surface.

So let’s dig into the data.

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Bitcoin Correlations Point to Rising Odds of Recovery

The Takeaway

Bitcoin continues to behave like a macro-sensitive risk asset, tracking U.S. growth stocks through the recent risk-off move.