BTC and SOL: Are their directions still opposite? Check the morning’s answer tonight
Today’s morning post left this question: “On the same basis, are BTC and SOL still moving in opposite directions over 24 hours?” At 08:16 this morning: BTC was up 0.21%, while SOL was down 0.82%—one up, one down.
At 22:39 Beijing time, measured again on the same basis (Binance spot USDT trading pairs, rolling 24-hour percentage change): BTC was down 0.35%, and SOL was down 3.17%. They were now both moving down. The morning divergence didn’t last until evening; the conditions from this morning had changed.
Don’t read too much into it: these are readings from two separate rolling 24-hour windows, not the price changes from this morning until now, and the windows only partially overlap. The morning divergence and evening alignment only show that conclusions about “who follows whom” have a very short shelf life. They don’t indicate what happens next, and they certainly don’t show the direction of capital flows.
Next time, we’ll still check just one thing: whether BTC and SOL are still moving in the same direction over 24 hours.
$BTC $SOL
Today’s morning post left this question: “On the same basis, are BTC and SOL still moving in opposite directions over 24 hours?” At 08:16 this morning: BTC was up 0.21%, while SOL was down 0.82%—one up, one down.
At 22:39 Beijing time, measured again on the same basis (Binance spot USDT trading pairs, rolling 24-hour percentage change): BTC was down 0.35%, and SOL was down 3.17%. They were now both moving down. The morning divergence didn’t last until evening; the conditions from this morning had changed.
Don’t read too much into it: these are readings from two separate rolling 24-hour windows, not the price changes from this morning until now, and the windows only partially overlap. The morning divergence and evening alignment only show that conclusions about “who follows whom” have a very short shelf life. They don’t indicate what happens next, and they certainly don’t show the direction of capital flows.
Next time, we’ll still check just one thing: whether BTC and SOL are still moving in the same direction over 24 hours.
$BTC $SOL
