Bitcoin has decoupled from the Nasdaq 100, showing divergent performance amid recent market volatility. Over the past week, the Nasdaq 100 rose by 1.34% and gold surged 4.85%, while Bitcoin fell by 2.09%. The divergence became pronounced on October 15, when Bitcoin dropped 3.71% as the Nasdaq gained 0.44%. This shift is attributed to a significant crypto crash on October 10, which led to over $19 billion in liquidations and reduced speculative buying pressure. On-chain data indicates a movement of capital from spot exchanges to derivatives, suggesting that leveraged trading has influenced recent price movements. Although Bitcoin briefly rebounded to $108,000 on October 20, its future alignment with the Nasdaq's recovery may hinge on developments in US-China tariff negotiations.