Is the Price Movement of Bitcoin a Directly Related to Private Money?

Since january first, there's been a 90 % positive correlation. When it goes down, the correlation goes to one 100%. And so bit coin exhibits a ton of cyclicality along with other risk assets,. except for when it doesn't, which is a very short amount of time. The big takeaway that we are making at the bitcoin lar an and understanding the correlation and how we should think about it, is that bisc bicoin, is a risk asset for the money players that are affecting the market. We seethat due to correlation.