Analysis: If estimated based on the correlation between the Ark Innovation ETF and Bitcoin, the price of BTC may rise to over $110000

Odaily Planet Daily News: Macro analyst @ TomasOnMarkets pointed out in an article that Cathie Wood's Ark Innovation ETF (ARKK) has always been a leading indicator of the ISM Purchasing Managers' Index and can be seen as the most direct way to bet on economic cycle expansion. More importantly, in the past few years, the trend of ARKK and Bitcoin has been highly consistent, especially in the past year or so. However, in recent weeks, this correlation has temporarily deviated, with ARKK taking the lead and Bitcoin falling by 10% in the past three weeks. Assuming a rough correlation estimate is made using a percentage change chart, based on the recent strong rise of ARKK, the current price of Bitcoin should be above $110000.