[Bitcoin and Software Stock Correlation Plummets, Iran Conflict Reshapes Market Landscape] Deep Tide TechFlow reports, on April 7, according to CoinDesk, since the outbreak of the U.S.-Iran conflict on February 28, Bitcoin and software stocks have shown a significant divergence in performance. Bitcoin has risen over 5% during this period, climbing back above $69,000, while the iShares Expanded Tech-Software Sector ETF (IGV) has dropped more than 2% over the same timeframe. The correlation between the two plunged from nearly 1.0 to 0.13, before rebounding to around 0.7. The report states that software stocks have been under pressure mainly due to market concerns over artificial intelligence compressing profit margins in the SaaS industry. Bitcoin, on the other hand, has increasingly exhibited characteristics of a macro hedge asset amid geopolitical uncertainties. Additionally, on April 6, U.S. spot Bitcoin ETFs saw a single-day net inflow of $471 million, the highest in over a month.