Quick google search tells a different story. The best chart is when compared to Nasdaq 3x etf.
“The correlation between TQQQ and Bitcoin is relatively low at 0.23, indicating that their price movements are not closely related .”
“During risk-on periods, especially from 2020 through early 2022, Bitcoin and the Nasdaq (especially the Nasdaq 100) showed a moderate to strong positive correlation, often in the 0.4–0.6 range (on a scale from -1 to 1).
“Since the approval of spot Bitcoin ETFs in January 2024, Bitcoin’s correlation with Nasdaq has remained positive, but moderate, with short-term decoupling at times due to Bitcoin-specific catalysts like halving or ETF inflows.”
“As of late April 2025, Bitcoin’s 30-day correlation with the Nasdaq 100 stands at 0.53, down from higher levels observed in previous years. Conversely, its correlation with gold has increased to 0.70, suggesting that Bitcoin is aligning more closely with gold’s behavior than with tech equities. “