Indicator Overview

The Bitcoin vs. Nasdaq 100 indicator tracks the ratio of Bitcoin’s price to the Nasdaq 100 index (QQQ) on a logarithmic scale with an information panel showing daily, monthly, and yearly percentage changes in the ratio.

How To Use

Spikes signal Bitcoin decisively outperforming the Nasdaq 100 and historically mark the strongest phases of risk-on rallies, tech-driven altseason, and Bitcoin dominance cycles, ideal for overweighting BTC exposure. Plunges reveal Bitcoin lagging growth equities and typically coincide with risk-off environments, deleveraging, or Bitcoin-specific corrections, creating relative value opportunities. Divergences are highly predictive: Bitcoin price rallying while the ratio fades warns of weakening relative strength and impending underperformance, whereas Bitcoin weakness with a rising ratio screams impending Bitcoin outperformance and explosive rebound.

Traders monitor spikes as confirmation of Bitcoin leadership in high-beta regimes, plunges as relative accumulation signals, and the ratio trend as a real-time gauge of crypto versus tech equity momentum, making this one of the sharpest tools for navigating risk appetite and sector rotation in broader markets.