The correlation between Bitcoin and the Invesco QQQ ETF has significantly weakened, dropping from over 0.75 to approximately 0.4. This shift highlights a growing divergence as tech giants like NVIDIA, Microsoft, and Apple drive QQQ to new highs, while Bitcoin trails by about 5%. This trend indicates that investors are increasingly distinguishing between growth tech assets and cryptocurrencies, suggesting a market realignment where Bitcoin is no longer a straightforward proxy for risk appetite but is charting its own course.