Recently, a fan asked, is the plunge in US stocks a negative for Bitcoin?

In the past two years, the correlation between Bitcoin and US stocks has become smaller and smaller, especially in the banking sector, which is almost negatively correlated. For example, last year a series of banks in the United States collapsed. In order to avoid risks, many institutions and retail investors bought Bitcoin, gold and other safe-haven assets to hedge. Therefore, as long as a large number of banks in the United States collapsed, it would be good for Bitcoin.