$The Nasdaq and ETFs are important in the crypto ecosystem

1. The Nasdaq (and traditional markets):

• Why is it important? It is the thermometer of risk appetite in the world.

• How does it help me? Its correlation with Bitcoin tells me whether large investment funds are buying risk assets (like technology stocks and, by extension, crypto) or fleeing to safety (like the dollar). If the Nasdaq falls sharply, it is a warning sign for my crypto positions because "big money" tends to sell everything together. In summary, it tells us whether we have institutional wind at our backs or against us.

2. Bitcoin ETFs (and now Ethereum ETFs):

• Why are they important? They are a direct superhighway for institutional money into the crypto ecosystem.

• How do they help me? An ETF allows a pension fund, a family office, or a retail investor in the stock market to buy Bitcoin in a regulated and simple way, without worrying about wallets or private keys. This unlocks trillions of dollars that could not previously touch cryptocurrencies. In summary, ETFs are the faucet that floods the market with fresh capital and legitimizes the entire sector.

For a trader, more institutional capital means more liquidity, more sustained price movements, and ultimately, the consolidation of cryptocurrencies as a global asset class. Ignoring these signals is trading blindly.