[Analysis] "Bitcoin, repeated pattern of weakness before and after NVIDIA earnings releases"

Bitcoin (BTC) appears to have a recurring pattern of beginning a correction before and after NVIDIA's earnings releases.

On the 28th (local time), virtual asset (cryptocurrency) analyst Ali Martinez said on X, "Bitcoin generally shows weakness starting about 5 days before NVIDIA's earnings releases, and tends to continue to decline on the day of the release and for 2~3 days afterward."

As NVIDIA has become a key stock in the tech rally amid the artificial intelligence (AI) boom, the analyst said investor sentiment across global risk assets tends to be affected around earnings releases.

Meanwhile, Bitcoin is currently trading on CoinMarketCap at 111,101.49 dollars, down 0.52% from the previous day.