[Data: Bitcoin is a leading indicator for the S&P 500]

Analysis of past data shows that history shows that, on average, BTC peaks 48 days earlier than the S&P 500 and bottoms about 10 days earlier, Delphi strategists led by Kevin Kelly wrote in a 2023 preview sent to clients on Wednesday. . Over the past five years, all of BTC’s major price reversals have preceded major stock indexes. Overall, Bitcoin and cryptocurrencies are viewed by investors as riskier assets than stocks.