TechFlow News: On April 7, according to CoinDesk, since the U.S.-Iran conflict erupted on February 28, Bitcoin’s price movement has significantly diverged from that of software stocks. During this period, Bitcoin rose over 5%, reclaiming the $69,000 level; meanwhile, the iShares Expanded Tech-Software Sector ETF (IGV) fell more than 2%. The correlation between the two dropped sharply from nearly 1.0 to 0.13, before rebounding to approximately 0.7.
The report notes that software stocks are under pressure primarily due to market concerns that AI will compress SaaS industry profit margins, whereas Bitcoin is increasingly exhibiting characteristics of a macro-level safe-haven asset amid geopolitical uncertainty. Additionally, on April 6, U.S. spot Bitcoin ETFs recorded a single-day net inflow of $471 million—the highest in over one month.
