Citibank warns that Bitcoin's recent weak trading pattern could signal a downturn in the Nasdaq 100 index. Historically, Bitcoin's performance has been closely correlated with the Nasdaq—when the price is above the 55-day moving average, Nasdaq returns improve significantly. However, Bitcoin has now fallen below this threshold, and risk-adjusted returns in the stock market are declining in tandem. Analysts attribute the weakness in the crypto market to tightening liquidity, as bank reserves have dropped by approximately $500 billion since mid-July, draining market liquidity. That said, the report also notes that the Treasury's balance is nearing the bottom of previous replenishment cycles, suggesting liquidity may soon improve, potentially boosting Bitcoin and stock market performance. (Coindesk) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=51476