Crypto Cult losing it

This feels awfully like 2000-2001 with some 1970's and 2008 mixed in. So if I had to guess, people like this are trying to pick up pennies in front of a steamroller. Hasn't the correlation between bitcoin and the Nasdaq risen to 70% lately? Outstanding margin debt is near an all-time high too, risking a market overshoot to the downside:

https://bloombergquint.com/gadfly/bond-market-woes-are-flashing-danger-ahead-for-stocks