BlockBeats reported on August 30 that analyst Rekt Fencer released a 3-day ratio chart of Bitcoin versus the Nasdaq. The chart marks three major drawdowns in the ratio: around -84.9% in 2018, around -80.7% in 2022, and roughly -54.3% in the current 2026 stretch. Rekt Fencer said that the previous two times Bitcoin lagged the Nasdaq by such a wide margin, the asset followed up with very strong independent rallies, and prices moved sharply higher in a straight line after those points. He now points out that the ratio has pulled back dramatically once again. In his view, the same pattern could play out a third time. He believes the bottom is already close, and Bitcoin is likely to strengthen again in the period ahead. The remarks were based on the three-day ratio chart and the historical behavior of Bitcoin following deep relative underperformance against the Nasdaq. The analysis was relayed by BlockBeats.
BlockBeats reported on August 30 that analyst Rekt Fencer published a 3-day ratio chart of Bitcoin versus the Nasdaq. The chart marks three notable drawdowns: roughly -84.9% in 2018, -80.7% in 2022, and about -54.3% for the current period in 2026.
Rekt Fencer said that after the previous two instances where Bitcoin lagged the Nasdaq this much, BTC staged very strong independent rallies, with the price rising sharply in a straight line. With the ratio tumbling again, he said the same pattern may play out a third time. A bottom is close, he added, and Bitcoin is set to regain strength.
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