The S&P 500 stabilizes after war declines, why is BTC also surging upward?

Many people think Bitcoin's rise and fall only depend on the crypto circle. Now, this understanding is outdated.
A key signal this week is that the S&P 500, after experiencing geopolitical panic since March, finally recovers all the losses caused by the Iran conflict, rebounding over 8% from a low of about 6,300 to close at 6,886 on Monday.
But this process was not smooth sailing. On Monday morning, due to news of the Hormuz Strait blockade, the S&P dropped by 0.6%. The real rebound came at the end of the day, after Trump signaled that "Iran still wants to negotiate," the market quickly reversed, closing up 1.02%.
And the reason Bitcoin followed the surge is no coincidence. The current pricing logic of BTC 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 assets like BTC and ETH, which are more elastic.
Especially after extreme fear, as soon as sentiment slightly recovers, the rebound in the crypto circle is usually more exaggerated. Because this market is essentially a risk appetite amplifier.
So, what’s truly worth remembering yesterday is not that BTC surged to 74,900 intraday, but that it pulled from 70,700 to 74,400 and held that level today, once again proving one thing:
To understand the crypto market, first understand the mood of the US stock market.
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