Remember that brutal bitcoin selloff back in early February? I was watching it happen in real time and it was rough. BTC crashed 35% in a single day while the broader market tanked, with the Nasdaq getting hammered especially hard. The whole thing felt like everyone suddenly decided crypto was just another tech play, so when software stocks started bleeding out, bitcoin followed right along.

What got me was how perfectly correlated it all was. The IGV tech ETF was collapsing too, and private equity names like Ares and Apollo were getting destroyed. People were genuinely worried we'd see another 2008-style credit event with AI disrupting everything. It was textbook risk-off, and bitcoin just got caught in the wave as a high-beta play rather than any kind of safe haven.

Looking back now, that selloff seems pretty distant. BTC has recovered nicely and is sitting around $78K, which shows how quickly sentiment can shift. But yeah, that February crash was a good reminder that crypto still moves with the broader market when things get shaky. The bitcoin selloff definitely proved that point.