>Why is Bitcoin so heavily correlated with QQQ and interest rates? Large miners didn't sell the coins and borrowed real money to fund their new mining operatio

>Why is Bitcoin so heavily correlated with QQQ and interest rates? Large miners didn't sell the coins and borrowed real money to fund their new mining operations. Since the rates are going up, they have no choice but to sell. And that is not to mention the poor folks who borrowed money to buy bitcoins.