You have a skewed view on this IMO. To begin with, the supposed correlation only exists in the short term, if you zoom out you will see that there is no such correlation. And if we go to the most recent the price of bitcoin has remained fairly stable when the stock markets have plummeted. If you think about it, as volatile as bitcoin is, it would have fallen much more if they had been correlated.
Correlation is calculated using specific data at specific times and is a mathematical equation. It's not about graphs and and empirical observations.
In fact, Bitcoin and the S&P500 (US market) are astonishingly highly correlated.
I 've collected the prices on April 1st of each year from 2015 until 2025 (10 years of historical data).
The results give a 0.959484 correlation.
