$NDX vs $BTC Right now, there is a clear difference between the stock market and the crypto market. Stock indices ($NDX) are rising because capital is flowing in. Bitcoin and cryptocurrencies, on the other hand, are correcting because the market is reducing risk. Why is this happening? 1. Capital is moving towards 'safer' assets. Investors prefer large technology companies over cryptocurrencies, which are considered more speculative. 2. There is no new liquidity in the system. The Fed is not printing money (no QE), so there is no fresh capital to fuel altcoins. 3. Bitcoin is taking a breather after a big rise. It is unloading leverage and taking profits: a normal consolidation phase. 4. Risk perception. At the moment, equities are seen as more reliable than cryptocurrencies, which are used more for speculation than for capital protection. When the market reduces risk, altcoins are the first to suffer and the last to recover. They are the most speculative assets in the entire ecosystem and react more strongly to liquidity movements. In the absence of new liquidity, altcoins not only struggle to rise, but also undergo much deeper corrections than Bitcoin.