{"id":72783,"date":"2026-02-17T17:31:48","date_gmt":"2026-02-17T17:31:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=72783"},"modified":"2026-02-17T17:31:48","modified_gmt":"2026-02-17T17:31:48","slug":"magnificent-7-bitcoin-and-software-why-its-all-one-trade-analyst-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=72783","title":{"rendered":"Magnificent 7, Bitcoin And Software: Why It&#8217;s &#8216;All One Trade,&#8217; Analyst Says"},"content":{"rendered":"<div>\n<p>A tight correlation between mega-cap tech, software stocks and <strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) that fueled massive gains in 2024 and 2025 has now flipped into synchronized weakness, and one Wall Street technical analyst says the message is simple: it <a href=\"https:\/\/www.benzinga.com\/topic\/expert-ideas\">was always &#8220;one trade.&#8221;<\/a><\/p>\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">In a client webinar hosted on Tuesday, 22V Research analyst<\/span> John Roque laid out charts showing the Magnificent Seven, the<strong>\u00a0iShares Expanded Tech-Software Sector ETF<\/strong>\u00a0<a class=\"ticker-link\" data-ticker=\"IGV\" data-exchange=\"ARCA\" href=\"https:\/\/www.benzinga.com\/quote\/IGV\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/IGV\">IGV<\/a>), and Bitcoin tracking one another closely over the past two years.<\/p>\n<p>&#8220;It seems to me that the message is fairly clear. It&#8217;s all one trade,&#8221; Roque said. <\/p>\n<p>&#8220;It was all one trade in 2024 and 2025, and then as it rallied into the coincident peaks in the autumn of 2025, and they&#8217;ve all been weak since, but of course, Bitcoin and the IGV have been weaker.&#8221;<\/p>\n<p>The<strong> iShares Expanded Tech-Software Sector ETF IG<\/strong>V recently traded near $80, well below its 40-week moving average around $106. <\/p>\n<p>Roque said the ETF&#8217;s technical score is zero, with risk toward $60 if oversold conditions fail to spark a bounce.<\/p>\n<p><strong>Chart: Magnificent Seven (Blue Line), Software Stocks IGV (White) and Bitcoin (Orange) <\/strong><\/p>\n<p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2026\/02\/17105824\/image-351-1024x572.png\" alt=\"\" ...><\/figure>\n<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/tech\/26\/02\/50660498\/magnificent-seven-bitcoin-software-stocks-correlation-technical-analysis?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Magnificent\" bitcoin and software: why it one trade analyst says>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A tight correlation between mega-cap tech, software stocks and Bitcoin (CRYPTO: BTC) that fueled massive gains in 2024 and 2025 has now flipped into synchronized weakness, and one Wall Street technical analyst says the message is simple: it was always &#8220;one trade.&#8221; In a client webinar hosted on Tuesday, 22V Research analyst John Roque laid [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-72783","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/72783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72783"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/72783\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}