I'm a bit confused, as the graph seems to be missing a reference to bitcoin, yet the correlation is taking place as we speak. Major markets are falling and so is bitcoin - that seems like a prime example where the correlation is strengthening. All financial markets are intertwined and when fear is running wild people just want to convert their assets into a stable form, which is most likely going to be something like us dollars. People are cashing out of shares and crypto assets right now.
There was a moment when it didn't correlated, and that was the discussion, not that it will never be correlated again, which it does right now. Sometimes we just need to learn that recession will always be hitting us differently, and when everyone needs money. Remember that 2008 period and afterwards? Everyone had trouble finding some money to survive, because it was all going to save the world from the banking disaster.
Moreover, I have to say that we are going to live a very tough period, inflation is a big problem but at least we all earn more and we all spend more and we just need to rearrange our needs accordingly, yet recession is trouble because there is no more money.