The S&P 500 recovers from war-related declines, why is BTC also surging upward?

Many people think Bitcoin's rises and falls are only influenced by the crypto circle. Now, this understanding is outdated.
A key signal this week is that after experiencing geopolitical panic since March, the S&P 500 finally recovers all the losses caused by the Iran conflict, rebounding over 8% from a low of about 6,300, closing at 6,886 on Monday.
But this process was not smooth sailing. On Monday morning, due to news of the Hormuz blockade, the S&P briefly dropped 0.6%.
The real rebound came at the end of the day, after Trump signaled "Iran still wants to negotiate," the market quickly reversed, closing up 1.02%.
And the reason Bitcoin followed the surge is no coincidence.
Currently, BTC's pricing logic is increasingly resembling a "high-volatility version of Nasdaq."
When the US stock market stabilizes, it indicates that funds are willing to take risks.
When funds are willing to take risks, it becomes easier for money to flow back into BTC, ETH, and other more elastic assets.
Especially after extreme fear, as soon as sentiment slightly recovers, the rebound in the crypto market is usually more exaggerated.
Because this market is essentially a risk appetite amplifier.
So, what’s truly worth remembering yesterday is not that BTC hit 74,900 during intraday trading,
but that it rose from 70,700 to 74,400, closed there, and held today, once again proving one thing:
To understand the crypto market, first understand the US stock market sentiment.
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