Anyone else still observing the pattern of BTC falling as Nasdaq rising
A strategy that shorts 50% BTC and goes long 50% of the remaining capital with QQQ at 6:30 AM PST and closes at 1:00 PM PST would have made about 50% returns over past year.
You can see it happening again today. Bitcoin dropped $500 since the open as QQQ is green. This has been going on for months now. Has anyone observed this or have an explanation for it. I think it could be related to either hedge funds selling or US govt. selling its positions.
There have been some headlines about Silk Road asset forfeiture sales. The US govt. is sitting on a shit-load of Silk Road coins and is trying to sell them . It's possible they are being sold on Coinbase during market hours.