We have already talked about the correlation between the US stock market and Bitcoin (see link below):

In recent days, we have seen a decline in the US stock market. Following this, the price of bitcoin and other cryptocurrencies also fell. Regardless of the technical and onchain reasons, what will most certainly affect the price of Bitcoin in the future will be the US stock market index. If the stock market index falls, we should expect the price of bitcoin to fall as much as possible, and an increase can help increase the price of bitcoin .