GBTCUSD
GBTC / United States dollar
crypto

You're looking at the wrong timeframe or mixing up your tickers because Bitcoin (and IBIT since its launch in January) is actually up over 100% year-over-year, significantly outperforming QQQ's \~35% run. But if you're talking about the chop since the March highs, the divergence is pure liquidity flow and sector rotation. Tech has been carried entirely by massive AI capex spend and mega-cap earnings (NVDA, MSFT), while BTC has been digesting the post-halving supply shock and massive outflows from GBTC. The miners pivoting to AI (like WULF and CORZ) are doing it because they have high-density power contracts ready to go, which the market is valuing at a massive premium right now compared to pure-play mining margins.
If you want to track where the actual institutional volume is moving between these two regimes without staring at charts all day, you can run a free relative strength scanner like [https://compoundpulse.io/scanner?ref=reddit](https://compoundpulse.io/scanner?ref=reddit) to filter for high-volume breakouts in both tech and crypto proxies.

You're looking at the wrong timeframe or mixing up your tickers because Bitcoin (and IBIT since its launch in January) is actually up over 100% year-over-year, significantly outperforming QQQ's \~35% run. But if you're talking about the chop since the March highs, the divergence is pure liquidity flow and sector rotation. Tech has been carried entirely by massive AI capex spend and mega-cap earnings (NVDA, MSFT), while BTC has been digesting the post-halving supply shock and massive outflows from GBTC. The miners pivoting to AI (like WULF and CORZ) are doing it because they have high-density power contracts ready to go, which the market is valuing at a massive premium right now compared to pure-play mining margins.
If you want to track where the actual institutional volume is moving between these two regimes without staring at charts all day, you can run a free relative strength scanner like [https://compoundpulse.io/scanner?ref=reddit](https://compoundpulse.io/scanner?ref=reddit) to filter for high-volume breakouts in both tech and crypto proxies.